From DIE and NIE toward EE
Over a century since Thorstein Veblen's seminal essay on evolutionary economics, it seems "the economic life process" is "still in great measure awaiting theoretical formulation" (1898, 387). There is as yet no widely convincing theory of "economic action" to account for the process in which "it is the human agent that changes-his insight and his appreciation of what these things can be used for is what develops" (387 -8). Original institutional economics is widely viewed-if it is viewed at all-as having failed to make