ABSTRACT
This paper attempts to rehabilitate a historical and theoretical method of political economy. I consider a conceptual “marriage” between Marx's historical and theoretical political economy and Veblen's institutional and evolutionary economics possible and most promising as a framework of political economy. 2 Since Marx's original intention to dedicate Capital to Darwin, 3 the two schools have a long history in integrating with each other. Bernstein (1911) attempted to revise Marx's theory by replacing Marx's neo-Hegelian dialectics with Darwinism; Veblen (2007) had a strong interest in Marx's theory and he was very sympathetic to Bernstein's attempt; Hilferding (1980) and Lenin (1996) attempted to elaborate the historical part of Marx's theory. Kozo Uno integrated those attempts in his three-level economic analysis of capitalism. 4
