Clarence Edwin Ayres and John Kenneth Galbraith: from instrumental institutionalism to the new industrial state

Abstract

Aims to describe and to explicate the economic thought of two creative and profound scholars who are in the tradition of institutionalism: Clarence Edwin Ayres and John Kenneth Galbraith. Analyses the major scholarly works of each of these insightful interpreters of the contemporary social and political economy and compares and contrasts them in such a manner as to reveal the similarities and differences between their respective systems of economic thought. Divides into five parts: the introduction, a section on the theories of Ayres and one on the theories of Galbraith, a comparison of the respective works of Ayres and Galbraith in which the similarities and differences are specified, and the conclusion.

Citation

Hill, L.E. (1997), "Clarence Edwin Ayres and John Kenneth Galbraith: from instrumental institutionalism to the new industrial state", International Journal of Social Economics, Vol. 24 No. 10, pp. 1094-1102. https://doi.org/10.1108/03068299710184903