ABSTRACT
The parallel foundation and growth of an Association for Evolutionary Political Economy in Europe and of an Association for Evolutionary Economics with strong institutionalist background in the United States (with the more recent addition of a Joseph A. Schumpeter Society and a Journal of Evolutionary Economics) are hopefully going to represent major events in the development of fruitful and innovative economic thinking. I thought it might be useful, to help towards a convergence of endeavours, to devote some attention to the relations between economic theory and the analysis of economic institutions.
