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Classics in Institutional Economics II (5 Volume Set)

Verlag: Pickering & Chatto Ltd, 1998
ISBN 10: 1851965157 / ISBN 13: 9781851965151
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Titel: Classics in Institutional Economics II (5 ...

Verlag: Pickering & Chatto Ltd

Erscheinungsdatum: 1998

Einband: Hardcover

Zustand: New


Brand New, Unread Copy in Perfect Condition. A+ Customer Service! Summary: By the time of the interwar years the varied approaches often grouped together under the banner of Institutionalism had become firmly established as one of the most influential schools of thought in American economics. This is a collection of writings on the topic. Buchnummer des Verkäufers ABE_book_new_1851965157

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Inhaltsangabe: Extensive selections from Thorstein Veblen and John Rogers Commons are provided along with the key contributions from other founders such as Richard T Ely, Wesley Clair Mitchell, Robert F Hoxie and Walton H Hamilton. The selections range in date from 1896 to 1957, with most of the material falling between 1898 and 1925. The collection includes those contributions that served to define the movement in its early years: Veblen's 'Why is Economics Not An Evolutionary Science?' (1898), Common's 'Sociological View of Sovereignty' (1899-1900), Hoxie's 'On the Empirical Method of Economic Instruction' (1901), Mitchell's 'The Rationality of Economic Activity' (1910), and Hamilton's 'The Institutional Approach to Economic Theory' (1918). The selections, however, go beyond these early contributions and allow the reader to chart the development of the various research programs established by the founders: Veblen on pecuniary institutions versus industrial requirements, Ely and Commons on collective action, law and economics, Hoxie on types of trade unionism, Mitchell on business cycles, and Hamilton on private property rights, price setting and regulation. This work shaped the subsequent history of the institutional movement. In its beginnings institutionalism was a uniquely American phenomenon, an outcome of the particular confluence of intellectual and economic conditions that prevailed in the United States around the turn of the century. In the interwar period institutionalism rose to some considerable prominence in American economics, but subsequently declined in prestige. Despite this, the movement continued and the evolutionary and institutional perspective it contains has been subject to a recent revival of interest in both America and Europe. This facsimile collection provides an invaluable resource for the understanding of a part of American intellectual history and of the history of economics that is not only fascinating in its own right but also of contemporary relevance.

Über den Autor: Warren J Samuels is Professor of Economics, Michigan State University. He is co-general editor of The Pickering Masters Works of Nikolai D Kondratiev Malcolm Rutherford is Professor of Economics at the University of Victoria

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