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but by the 1980s they began to be noticed once again. In 1979, some members of AFEE who thought it had deviated too far from its roots, formed a sister organization, the
Association for Institutionalist Thought (AFIT). The stature of old, or original, institutional economics was further strengthened
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AFEE views itself as running parallel to the AEA in covering all areas of economics. It places less stress on mathematical model building and more on a realistic analysis of economic policy issues. It is open to interdisciplinary approaches that incorporate insights from history, psychology,
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The James H. Street Latin
American Scholarship is awarded to a person residing in Latin America and working within the tradition of original institutional economics. The James H. Street scholar is awarded round trip transportation and accommodation at the
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management science and political science. Moreover, it stresses the importance of broadening the scope of economics to consider questions of economic ends, as well as economic means. Since its founding, AFEE has confronted issues of
83:, by the 1950s it had drifted away from the institutionalist approach and towards abstract mathematical modelling. The members of AFEE are sometimes called "old institutionalists" to distinguish them from the followers of
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The
Clarence E. Ayres Award is awarded to a promising international scholar working within the tradition of original institutional economics. The Ayres scholar is awarded round trip transportation and accommodation at the
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The Veblen-Commons Award is given annually in recognition of the contributions made by an outstanding scholar in the field of evolutionary institutional economics. Past recipients include
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135:, inequality, corporate power, the negative effect of advertising and the limitations of economic growth as a measure of economic success.
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The founding members were economists who found it increasingly difficult to get their papers included on sessions sponsored by the
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O'Hara, Phillip
Anthony (2000). "Association for Evolutionary Economics and Association for Institutionalist Thought".
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meetings in San
Francisco in December 1966. In 1967, AFEE began publishing a quarterly academic journal, the
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The
Wardman Group renamed itself the Association for Evolutionary Economics (AFEE) in 1965.
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Bush, Paul Dale (June 1991). "Reflections on the Twenty-Fifth
Anniversary of AFEE".
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Gruchy, Allan G. (March 1969). "Neoinstitutionalism and the
Economics of Dissent".
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AFEE originated in 1959 as an informal group that met in a rump session of the
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was elected the first president and he presided over presentations at the
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A Modern Reader in
Institutional and Evolutionary Economics: Key Concepts
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meetings and given the opportunity to present his or her work.
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meetings and given the opportunity to present his or her work.
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in
Washington D.C. where the initial 1959 meeting took place.
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meetings. They called themselves the Wardman Group after the
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In the 1970s, the "old institutionalists" competed with the
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European Association for Evolutionary Political Economy
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79:was founded by the institutionalist economist
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46:Allied Social Science Associations (ASSA)
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200:"Institutional Economics: Then and Now"
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100:Journal of Economic Issues
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133:environmental degradation
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