Abstract
It is a privilege to dedicate this paper to the memory of J. Fagg Foster, one of the greatest teachers, thinkers and individuals I have known. I cannot imagine what my life would have been like had I not had the good fortune to stumble into one of Fagg's classes as an undergraduate at the University of Denver. I was rather bored at DU and on the verge of quitting to go into business, but I remember thinking after a few hours of sitting in one of Fagg's classes, Whatever this guy is doing, I want to do too! I have never been able to decide if I am an institutionalist, but as we students of Foster say, I am indeed proud to be a Faggot. The rather peculiar title of this article is due to Bill Williams's suggestion that I reflect back on my past seven years of working in developing countries (the first five years in India with the Ford Foundation and the past two in Indonesia with USAID) in light of my long interest in institutionalism. This suggestion was particularly appropriate because the fact that I had this experience at all is due in part to some of the people in this room. In 1973, the Western Social Science Association sponsored a session on my book, Thorstein Veblen and the Institutionalists: A Study in thu
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