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Institutional Economics and Feminist Economics Essay (Essay Sample)

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Institutional Economics and Feminist Economics have important similarities and important differences. Those similarities and differences are epistemological (how we know), methodological (the methods and concepts used to understand the economy), and theoretical (our proposed systems of hypotheses about how the economy and society work). Choose two ways in which institutional economics and feminist economics are similar and two ways in which they are different. Explore and evaluate the significance of each of these similarities and differences. What I mean by this to what degree the similarities allow for the two approaches to add to one another's analyses of economic processes, and to what degree do the differences take the two approaches in different, possibly incompatible, directions in their analyses of economic processes. Focus on chapters 4 "Institutional Economic" and 5"Feminist Economics" in book Rethinking Economics(RE).

 

VI. Veblen and Institutional Economics
Reading Assignment:
“Institutional Economics.” Chapter 4 in RE.
Anne Mayhew, “An Introduction to Institutional Economics: Tools for Understanding Evolving Economies.” On Canvas.
Thorstein Veblen, “Why Economics is not an Evolutionary Science.” On Canvas.
Thorstein Veblen. “The Limitations of Marginal Utility.” On Canvas.
Thorstein Veblen, “Industrial and Pecuniary Employments.” On Canvas.
Thorstein Veblen, “The Instinct of Workmanship and the Irksomeness of Labor.” On Canvas.
Thorstein Veblen, “The Economic Theory of Women’s Dress.” On Canvas.
William Waller, “The Evolution of the Veblenian Dichotomy.” In AEO.
Marc Tool, “Value and its Corollaries.” In AEO.
William Dugger, “Power: An Institutional Framework of Analysis.” In AEO.
William Waller, “A Reconsideration of William Dugger’s Analysis of Power.” On Canvas.
VII. Economic Methodology and Feminism
Reading Assignment:
“Feminist Economics.” Chapter 5 in RE.
Julie A. Nelson, The Study of Choice or the Study of Provisioning? On Canvas
Paula England, Separative and Soluble Selves: Dichotomous Thinking in Economics. In FET.
Paula England and Nancy Folbre, Contracting for Care. In FET.
Lisa Saunders and William Darity Jr., Feminist Theory and Racial Economic Inequality. In FET.
S. Charusheela and Eiman Zein-Elabdin, Feminism, Postcolonial Thought, and Economics. In FET.
VIII. Economics as Discourse
Reading Assignment:
V. Brown, “The Economy as Text.” On Canvas.

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Differences and Similarities between Institutional Economics and Feminist Economics
Economics is a broad and diverse subject. Numerous scholars have narrowed their knowledge to explain only one discipline on the topic. However, the text, Rethinking Economics: An Introduction to Pluralist Economics provides a wide scope and access to the nine different approaches to economics, including institutional and feminist economics. Thorstein Veblen dedicated his life and career to criticizing capitalism by researching and offering insights to economics and sociology. Using Thorstein Veblen’s Essays in Our Changing Order, The Place of Science in Modern Civilization, Vivienne Brown’s The Economy as Text and Rethinking Economics: An Introduction to Pluralist Economics, this essay seeks to highlight and explain two ways in which institutional and feminist economics are different and similar, as well as their significance in the study of economics.

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