Note 67 — Chapter XXVI · THE INSTITUTIONAL CHARACTER OF PECUNIARY VALUATION
Reading edition
See, for example, the penetrating study of Social Value by B. M. Anderson, Jr.
It is curious that although orthodox economics has mostly ignored the importance of institutional processes, its own history offers as good an illustration of this importance as could be desired. I mean that the spirit and underlying ideas of the science can be understood only as the product of a school of thought, of a special institutional development.