[4] The stature of old, or original, institutional economics was further strengthened by the formation in 1988 of the European Association for Evolutionary Political Economy.
The Veblen-Commons Award is given annually in recognition of the contributions made by an outstanding scholar in the field of evolutionary institutional economics.
Past recipients include Gunnar Myrdal, John Kenneth Galbraith, Gardiner Means, and Hyman Minsky.
The James H. Street scholar is awarded round trip transportation and accommodation at the ASSA meetings and given the opportunity to present his or her work.
The Ayres scholar is awarded round trip transportation and accommodation at the ASSA meetings and given the opportunity to present his or her work.