ABSTRACT
I am pleased and honoured to have been asked to preside over the final round table of the conference organised in memory of Giovanni Caravale, an eminent economist and a great friend. My original intention was to preside over the discussions and not to interfere; or to intervene as little as possible. But some polemic has broken out over how Caravale considered institutional economic analysis. This makes it difficult for me to say absolutely nothing on the problem. I shall try to be very brief.
