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Project title: Institutions and Society: Towards a Critical Theory of Economic Institutions
The project INSTITUTIONS conceives of economic categories as economic institutions. It aims to explore the social constitution of (economic) institutions – what they are, what they hold, how they are formed and transformed, become manifest and obsolete, or simply exist or inexist. The central tenets will be drawn from the economic sociology of Thorstein Veblen along with other major figures in the Institutionalist tradition in the history of economic thought. It introduces a critical reinterpretation of economic categories by drawing on the philosophical thought of Alain Badiou and Cornelius Castoriadis. The ultimate aim of the study is to present a Frankfurt School inspired critique of the economic institutions as real abstractions of definite forms of social relations.