Transaction Economics Of John R Commons
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Transaction Economics Of John R Commons
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Author : Shingo Takahashi
language : en
Publisher: Taylor & Francis
Release Date : 2024-10-28
Transaction Economics Of John R Commons written by Shingo Takahashi and has been published by Taylor & Francis this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-10-28 with Business & Economics categories.
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.
Legal Foundations Of Capitalism
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Author : John Rogers Commons
language : en
Publisher: The Lawbook Exchange, Ltd.
Release Date : 2012-06
Legal Foundations Of Capitalism written by John Rogers Commons and has been published by The Lawbook Exchange, Ltd. this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-06 with Business & Economics categories.
One of his most important American studies of labor economics published in the twentieth century, this book outlines an evolutionary and behavioral theory of value based on data drawn from court decisions. Analyzing the meaning of reasonable value as defined by the courts, he finds that the answer is based on a notion of reasonable conduct. Expanding this point to encompass the habits and customs of social life, he shows that court decisions are based on customs that are powerful forces shaping the economic system. In an early review Wesley Mitchell declared that Commons [1862-1945] carried this "analysis further along his chosen line than any of his predecessors. Into our knowledge of capitalism he has incorporated a great body of new materials which no one else has used adequately.": American Economic Review, XIV (1924) 253.
Contemporary Meanings Of John R Commons S Institutional Economics
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Author : Hiroyuki Uni
language : en
Publisher: Springer
Release Date : 2017-02-03
Contemporary Meanings Of John R Commons S Institutional Economics written by Hiroyuki Uni and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-02-03 with Business & Economics categories.
This book is the first to reinterpret John R. Commons's Institutional Economics with a newly discovered manuscript written in 1927 in order to find its contemporary meanings in economic theories. Commons aimed to establish institutional economics to understand capitalism in the USA of that time, when people’s collective actions were gaining importance with the emergence of powerful labor unions, oligopolistic corporations, and national judicial systems. Setting three types of transactions as his central concepts for analysis, Commons described dynamics of capitalism as multiple and cumulative causal processes of transactions, through which the final goal should be achievements of a "reasonable value". He also believed that the reasonable value could be achieved by the evolution of institutions. There is no doubt that Commons's ideas proposed in Institutional Economics such as transactions and collective actions greatly inspired later economists; however, few studies have contributed to comprehensive understanding of the origin of his masterpiece. To what extent and in what sense had Commons rejected or accepted previous classical economics or marginalism for constituting his original institutional economics? What are the meanings and limitations that reasonable value may have for contemporary political economy? Institutional Economics as attempts to resolve deep economic problems at that time. Commons's efforts create important implications for us, those who are living in an era after the global financial crisis and confronting various challenges to political economy.
Reasonable Value
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Author : John Rogers Commons
language : en
Publisher:
Release Date : 1925
Reasonable Value written by John Rogers Commons and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1925 with Capitalism categories.
Transaction Economics Of John R Commons
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Author : Shingo Takahashi
language : en
Publisher:
Release Date : 2024-10-28
Transaction Economics Of John R Commons written by Shingo Takahashi and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-10-28 with Business & Economics categories.
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. It will interest researchers of institutional economics, political economy, heterodox economics.
Advances In Relational Economics
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Author : Jacob Dahl Rendtorff
language : en
Publisher: Springer Nature
Release Date : 2025-01-04
Advances In Relational Economics written by Jacob Dahl Rendtorff and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2025-01-04 with Business & Economics categories.
This book explores how economic and social values are created through dynamic, non-linear interactions within cooperative networks. Emphasizing the importance of relations and networks in value creation, the book discusses critical issues such as the relational nature of the firm, relational management and leadership as well as relational philosophy. This includes topics such as network models, stakeholder management, relational contracts, cooperative economics as well as philosophical questions related to relational ontology, epistemology and methodology, inter alia. Written by leading scholars, the contributions highlight the need for new business models and governance mechanisms that integrate resources across different economic and social systems, advocating for a relational approach to economic theory. In turn, the book argues for a network-based, integrative view of businesses, suggesting that economic success is increasingly dependent on the ability to navigate and foster complex relationships within a globalized context. Rich in theoretical and empirical insights, this book is essential reading for academics, policymakers, and business leaders interested in the future of economic thought and practice. It provides a comprehensive overview of the relational paradigm. The book is an invitation to join the conversation on how relational perspectives can transform our understanding of economics, governance, and organizational dynamics.
Institutions And Economic Theory
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Author : Eirik G. Furubotn
language : en
Publisher: University of Michigan Press
Release Date : 2005-10-21
Institutions And Economic Theory written by Eirik G. Furubotn and has been published by University of Michigan Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005-10-21 with Business & Economics categories.
This second edition assesses some of the major refinements, extensions, and useful applications that have developed in neoinstitutionalist thought in recent years. More attention is given to the overlap between the New Institutional Economics and developments in economic history and political science. In addition to updated references, new material includes analysis of parallel developments in the field of economic sociology and its attacks on representatives of the NIE as well as an explanation of the institution-as-an-equilibrium-of-game approach. Already an international best seller, Institutions and Economic Theory is essential reading for economists and students attracted to the NIE approach. Scholars from such disciplines as political science, sociology, and law will find the work useful as the NIE continues to gain wide academic acceptance. A useful glossary for students is included. Eirik Furubotn is Honorary Professor of Economics, Co-Director of the Center for New Institutional Economics, University of Saarland, Germany and Research Fellow, Private Enterprise Research Center, Texas A&M University. Rudolph Richter is Professor Emeritus of Economics and Director of the Center for New Institutional Economics, University of Saarland, Germany.
Economic Foundations Of Strategy
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Author : Joseph T. Mahoney
language : en
Publisher: SAGE
Release Date : 2005
Economic Foundations Of Strategy written by Joseph T. Mahoney and has been published by SAGE this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005 with Business & Economics categories.
The theoretical foundations of management strategy are identified and outlined in this text. Five theories are considered in the light of questions about how organisations operate efficiently, cost minimization, wealth creation, individual self-interest, and continued growth.
Between Markets And Governments
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Author : Konstantinos Loizos
language : en
Publisher: Springer Nature
Release Date : 2025-06-25
Between Markets And Governments written by Konstantinos Loizos and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2025-06-25 with Business & Economics categories.
This book proposes an institutional economics approach to development banking in the wake of the 2008 Financial Crisis. The role of national development banks in countering the adverse effects of economic recession is highlighted, alongside ways in which they can contribute to sustainable economic development and institutional change. Through acknowledging the distinctive features of development banks, a new theoretical model for development banking is presented. The proposed model is applied to a case study of the Greek economic development during the post-war period until the early 2020s. The role of development banks in the socio-economic transformation of the country is analyzed along with the evolution of development banking as the economy went through different financial regimes. This book aims to provide a modern framework for understanding the mechanisms for financing economic development and promoting institutional change. It will be relevant to researchers and policymakers interested in development and financial economics.
A Comparison Of The Institutional Economics Of John R Commons And Douglass C North
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Author : Cheng-Ping Cheng
language : en
Publisher:
Release Date : 1998
A Comparison Of The Institutional Economics Of John R Commons And Douglass C North written by Cheng-Ping Cheng and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998 with Comparative economics categories.