Exploring the Theories of Polanyi and Chayanov: Groundwork for a Broader Version of Institutional Economics

Date

1996

Author

Tezel, Gülbahar

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This paper examines the works of two critics of orthodox neoclassical paradigm, Polanyi and Chayanov. Both of these theorists argue that the main categories and propositions of neoclassical analysis are incapable of explaining noncapitalist economic phenomenon. In addition to presenting the content of their criticisms, this paper shall attempt to elaborate their contributions to institutional economic theory embedded in their efforts to formulate alternative theories to understand diverse forms of economic activity.

URI

https://hdl.handle.net/11511/112639

Collections

Department of Economics, Article