In their introductory chapter, Augello and Guidi pose a number of questions related to the institutionalization of economics in what they have called “The Liberal Age.” The questions (p. 5) may be generalized to the following two. First, what were the forces of history leading to the rise of economics in the informational environment of a particular set of Western nations, and what resulting form did its institutionalization take in those nations? Second, what were the consequences for the content of economics of its being institutionalized in this way? That is, did institutionalization itself generate a recursive force of history competing with other external forces shaping economics?

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