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structural asymmetry between paths linking the hard core of a research program
with its protective belt; what goes from the hard core onto the periphery never
stops flowing under the guise of basic modules required to build up new models,
whereas the peripherys findings never make their way up to the hard core. The
second one is an observable fact: both, the strongest contender for the DSGE models
econophysics and the heterodox research programs, are outsiders in mainstream
economics.
Consumption and cycles theory in Thorstein Veblen Alberto Jos Figueras y Hernn
Alejandro Morero [Keywords: Thorstein Veblen, institutionalism, consumption,
economic cycles, leisure class, business enterprise; JEL: B15, B30] Thorstein Veblen
(1857-1929) is one of the founders of American institutional economics. This paper
aims to make a presentation of his Copyright of Revista de Economa Institucional is
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