Wisconsin Institutionalism, National Planning, and Expert Authorities
30 Pages Posted: 15 Nov 2019
Date Written: November 6, 2019
This paper considers the extent to which Wisconsin Institutionalist visions of the economic role of government, of economic planning, and of expert authorities may have contributed to their marginalization and decline in the 1940s. The arc of Wisconsin thinking on the role of the state and of the economic expert is considered from Richard T. Ely through Edwin Witte. I argue that the Wisconsin economists missed an important transition in economic thought that occurred in the 1930s, when the economic-expert saviors of Progressivism gave way to the economic engineers of planning.
Keywords: Experts, Authorities, Wisconsin Institutionalism, John R. Commons, Keynesianism
JEL Classification: B15, B25
Suggested Citation: Suggested Citation