Research Paper on:
Definition of Evolutionary Institutionalists

Unformatted Sample Text from the Research Paper:
the epitome of logic and interested in concise predictions for basic trends. However, it can be said that the institutions studied in basic economics are changing, evolving from the neoclassical  renditions into something hybrid and new. Using these perspectives and applying them to past societies can give one a new vision of how successful institutions run, and how unsuccessful institutions  fail. One of the great thinkers in the economic circles was Thorstein B. Veblen. His theories on institutional economics identified this type of economics as separate and distinct from other  types of studies in that the concept of culture is included in the analysis, it operates from the view that economies are controlled by the combined functionalities of both technology  and industry and NOT totally by economic laws, uses an evolutionary instrumental method, and it advances the position that value judgment and values can be studied scientifically(Sturgeon, 2002). According  to Veblen, there are at least two significant factors that separate man from the animals. One of these aspects is that of culture, which it can be argued, continues to  evolve just as mankind tends to change and evolve. Therefore, if mankind tends to change, or evolve, then, too, might the way in which his economics are viewed or approached.  Change is brought on by any number of factors, it might be said, which can also trigger significant changes in the economic structures as well. When it is all said  and done, it still remains that mankind is still an animal at heart, but that we have a better grasp of physics than the rest of the animals on the  planet. That having been said, then, instinct for survival, whether realized consciously or not seems to drive mankind toward changes. These may be in reaction to environmental influences, such as