Transaction Economics of John R. Commons: Towards Reasonable Capitalism (Routledge Studies in the History of Economics)

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Synopsis
Takahashi reconstructs the key blocks of one of the founders of the institutional school, John R. Commons’ theories of the evolution of capitalism and of institutional change by taking the concept of transaction as a central point of departure.Commons’ theories continue to influence modern economics, and in this book, Takahashi scrutinizes his construction of transaction and its features and offers a reinterpretation of Commons’ institutional economics and transaction economics. He then explores how Commons’ analysis of going concerns (e.g., firms) has broader and deeper applications that extend to monetary policy, labor policy, and the business cycle. Takahashi examines how Commons’ and Veblen’s dynamic theories share cumulative causation. He closes by positing that Commons’ transaction economics seeks “reasonable capitalism” through a virtuous cycle of reasonable value and generation of good business ethics.This book will be attractive to researchers of institutional economics, political economy, heterodox economics, as well as the history of economic thought, law, and ethics.
Copyright:
2025

Book Details

Book Quality:
Publisher Quality
ISBN-13:
9781040166505
Related ISBNs:
9781040166468, 9781032701394, 9781032701387
Publisher:
Taylor & Francis
Date of Addition:
Copyrighted By:
Shingo Takahashi, The right of Shingo Takahashi to be identified as author of this work has been asserted in accordance with sections
Adult content:
No
Language:
English
Has Image Descriptions:
No
Categories:
Nonfiction, Business and Finance, Law, Legal Issues and Ethics, Politics and Government
Submitted By:
Bookshare Staff
Usage Restrictions:
This is a copyrighted book.

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