that fits well with what I've heard and uncovered
On Mon, 11 May 1998, Tom Condit wrote:
> At 10:47 PM 5/10/1998 -0700, Richard Marens wrote:
> >... As the old institutional economics was dying in
> >econ departments (the "new" institutional economics is something else
> >again and is arguably a response to the growth of b-schools), people with
> >interests in subjects such as "theories of the firm" or the econometrics
> >of "competitive advantage", so I am told, found a more convivial
> >atmosphere in the business schools.
> >
> The old institutional economics didn't just "die out". In many cases, econ
> departments in state institutions were purged at the urging of conservative
> politicians who thought Thorstein Veblen was some sort of commie because he
> didn't believe that unalloyed greed was the only purpose of human society.
> At the University of Texas, for instance, every single institutionalist was
> removed. Many of them then got jobs in the business school at [University of
> Kansas City? I'm not sure of my memory here.].
>
>