"INSTITUTION is a verbal symbol which for want of a better describes a cluster of social usages. It connotes a way of thought or action of some prevalence and permanence, which is embedded in the habits of a group or the customs of a people."
Quote Details
Added by wikiquote-import-bot
Unverified quote
0 likes
Academics from the United StatesEducators from the United StatesEconomists from the United StatesYale University facultyPeople from Tennessee
Original Language: English
Available Languages (1)
Sources
Hamilton, Walton H. (1932), "Institution," in Edwin R. A. Seligman and Alvin Johnson (eds), Encyclopaedia of the Social Sciences, Vol. VIII, New York: Macmillan, pp. 84–89.
https://en.wikiquote.org/wiki/Walton_Hale_Hamilton
Revision History
No revisions have been submitted for this quote.
Categories
Walton Hale Hamilton
1928 – 1948
Walton H. Hamilton (October 30, 1881 – October 27, 1958]]) was an American law professor who taught at the Yale Law School (1928–1948), although he was an economist, not a lawyer. In 1919 Hamilton coined the term "Institutional economics".
5 quotes on TrueQuotesView all quotes by Walton Hale Hamilton →
Related Quotes
"In some form or other the rivalry of men will continue to be employed as an instrument of the general welfare. It is …"
"An explanation of the "institutional approach" to economic theory is a plea for a particular kind of theory. It is po…"
""Institutional economics" alone meets the demand for a generalized description of the economic order. Its claim is to…"
"There [is]... a list of five tests which any body of doctrine which aspires to the name of economic theory must be ab…"
"For him delicious flavors dwell In books as in old Muscatel."
"And in the evening, everywhere Along the roadside, up and down, I see the golden torches flare Like lighted street-la…"
"Song like a rose should be; Each rhyme a petal sweet; For fragrance, melody, That when her lips repeat The words, her…"
"Americans have always been especially prone to regard all things as resulting from the free choice of a free will. Pr…"
"Democracy is clearly most appropriate for countries which enjoy an economic surplus and least appropriate for countri…"
"Here, for the last time together, appeared a triumvirate of old men, relics of a golden age, who still towered like g…"