Wesley Mitchell: Institutions and Quantitative Methods

Malcolm Rutherford

Eastern Economic Journal, 1987, vol. 13, issue 1, 63-73

Abstract: This article examines the link between W. C. Mitchell's quantitative methodology and his attachment to institutionalism. It is argued that, for Mitchell, quantitative analysis was an approach to an institutional economics, and that his methodological ideas were developed as much from his rejection of orthodox psychologism as from his more general views on the nature of science. In addition, it is shown that the difficulties and paradoxes in Mitchell's methodological work stem from his search for a more critical method together with his failure to entirely reject justificationist ideas.

Date: 1987
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