In these lectures Shigeto Tsuru reappraises institutionalism as a school of thought and discusses its relevance for the issues that face the economics profession today. He begins with a historical perspective by reconsidering Marx as an institutionalist, which provides a context for a discussion on Keynes, Schumpeter and Veblen. This is followed by an examination of modern institutionalism through the work of Gunnar Myrdal, J. K. Galbraith and William...