The Founding of Institutional Economics / Edition 1

The Founding of Institutional Economics / Edition 1

by Warren Samuels
     
 

ISBN-10: 0415187575

ISBN-13: 9780415187572

Pub. Date: 02/12/1999

Publisher: Taylor & Francis

Institutional economics has been a major part of economic thought for the whole of the twentieth century, and today remains crucial to an understanding of the development of heterodox economics. The two principal publications that founded the school were Veblen's The Theory of the Leisure Class and Commons's A Sociological View of Sovereignty, both

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Overview

Institutional economics has been a major part of economic thought for the whole of the twentieth century, and today remains crucial to an understanding of the development of heterodox economics. The two principal publications that founded the school were Veblen's The Theory of the Leisure Class and Commons's A Sociological View of Sovereignty, both published in 1899.
As a tribute to these two seminal works, Warren Samuels has assembled an exceptionally prestigious international group of scholars to produce this landmark volume celebrating the centenary. The chapters assess the work of Veblen and Commons and their influence on the school of institutional economics from a variety of theoretical perspectives. The contributions on Veblen appraise his anthropological analysis of consumption habits of American households from sociological, linguistic and feminist points of view. Conversely, the essays on Commons's work focus on the concepts of property, power and the relationship between legality and economics.

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Product Details

ISBN-13:
9780415187572
Publisher:
Taylor & Francis
Publication date:
02/12/1999
Series:
Routledge Studies in the History of Economics Series
Edition description:
New Edition
Pages:
336
Product dimensions:
6.00(w) x 9.00(h) x 0.88(d)

Table of Contents

Contributors
Introduction
Pt. IVeblen and Commons1
1Veblen, Commons, and the Industrial Commission3
2Veblen and Commons and the concept of community14
Pt. IICommons, A Sociological View of Sovereignty31
3An evolutionary theory of the development of property and the state33
4Sovereignty and withholding in John Commons's political economy47
5The identity and significance of Commons's A Sociological View of Sovereignty76
6Commons, sovereignty, and the legal basis of the economic system97
7John R. Commons's "Political Economy and Law": Harbinger of A Sociological View of Sovereignty and Legal Foundations of Capitalism115
Pt. IIIVeblen, The Theory of the Leisure Class123
8Veblen and the vanishing of the "leisure class"125
9The Theory of the Leisure Class and the theory of demand139
10Veblen's contribution to the instrumental theory of normative value157
11Veblen's Theory of the Leisure Class and the genesis of evolutionary economics170
12Veblen's feminism in historical perspective201
13Veblen and the anthropological perspective234
14The rhetoricality of Thorstein Veblen's economic theorizing: A critical reading of The Theory of the Leisure Class250
15Georg Simmel and Thorstein Veblen on fashion fin de siecle282
16A neoinstitutional theory of social change in Veblen's The Theory of the Leisure Class302
Index320

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