Geoffrey M. Hodgson and institutional economics – Interview by Carlos Mallorquín

UK economist Geoffry Hodgson tells his way from marxism to institutional economics and the change in academic economics from pluralism to conformism. In the 70s, representatives of a wide range of schools were present at faculties of the best universities and in addition mainstream economists also tried to address actual questions. Now, on the contrary, the wide spectrum has vanished, and parallel with the growing enthusiasm for mathematical methods economists are less interested in the validity of their models.