Description: Contemporary Meanings of John R. Commonss Institutional Economics by Hiroyuki Uni He also believed that the reasonable value could be achieved by the evolution of institutions.There is no doubt that Commonss ideas proposed in Institutional Economics such as transactions and collective actions greatly inspired later economists; FORMAT Hardcover LANGUAGE English CONDITION Brand New Publisher Description This book is the first to reinterpret John R. Commonss 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 peoples 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 Commonss 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. Commonss 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. Back Cover This book is the first to reinterpret John R. Commonss 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 peoples 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 Commonss 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. Commonss 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. Author Biography Hiroyuki Uni, Graduate School of Economics, Kyoto University Table of Contents Part I: Volitional Theory of Value with Multiple Causations.- 1. Scope of John R. Commonss Criticism of the Classical Theory of Value: Progress and Limitations in the 1927 Manuscript (Hiroyuki Uni).- 2. From Carl Menger to John R. Commons: Human Volition and Value Theory in Institutional Economics (Natsuka Tokumaru).- Part II: Theories for Social Reform.- 3. The Effect of the Great Depression on the Institutional Economics of John R. Commons (Shingo Takahashi).- 4. Two Methods of Institutional Reform in the Institutional Economics of John R. Commons (Kota Kitagawa).- 5. John R. Commons and Gunnar Myrdal on Institutional Economics: Their Methods of Social Reform (Nanako Fujita).- Part III: Accomplished Dynamic Models.- 6. John R. Commonss Two Evolutionary Models of Capitalism: Indus-trial Stages and Economic Stages (Takao Tsukamoto).- 7. The Theoretical Connection between John R. Commons and Regula-tion and Convention Theories (Hiroyuki Uni and Takayuki Nakahara).- Appendix: Excerpts from the 1927 Manuscript: Reasonable Value, A Theo-ry of Volitional Economics. Feature Provides the first comparative analyses of J. R. Commonss Institutional Economics published in 1934 and a newly discovered manuscript written in 1927 Clarifies contemporary theoretical meanings of J. R. Commonss Institutional Economics, which contribute to understanding contemporary capitalism Shows J. R. Commonss effort to constitute institutional economics, with important implications for today as established economics is reexamined after the global financial crisis Details ISBN9811032017 Language English Year 2017 ISBN-10 9811032017 ISBN-13 9789811032011 Format Hardcover Publisher Springer Verlag, Singapore Pages 231 Publication Date 2017-02-13 Edition 1st Imprint Springer Verlag, Singapore Subtitle An Analysis Using a Newly Discovered Manuscript Place of Publication Singapore Country of Publication Singapore Edited by Hiroyuki Uni DEWEY 330.01 Illustrations 20 Illustrations, black and white; XVIII, 231 p. 20 illus. Media Book Short Title Contemporary Meanings of John R. Commonss Institutional Economics DOI 10.1007/978-981-10-3202-8 Series Number 5 Author Hiroyuki Uni Edition Description 1st ed. 2017 Series Evolutionary Economics and Social Complexity Science Alternative 9789811098161 Audience Professional & Vocational We've got this At The Nile, if you're looking for it, we've got it. With fast shipping, low prices, friendly service and well over a million items - you're bound to find what you want, at a price you'll love! TheNile_Item_ID:130686537;
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ISBN-13: 9789811032011
Book Title: Contemporary Meanings of John R. Commonss Institutional Economics
Number of Pages: 231 Pages
Language: English
Publication Name: Contemporary Meanings of John R. Commons's Institutional Economics: An Analysis Using a Newly Discovered Manuscript
Publisher: Springer Verlag, Singapore
Publication Year: 2017
Subject: Economics, Government
Item Height: 235 mm
Item Weight: 5029 g
Type: Textbook
Author: Hiroyuki Uni
Item Width: 155 mm
Format: Hardcover
