Institutional Economics Revisited

by Shigeto Tsuru

Overview

In these lectures Shigeto Tsuru reappraises institutionalism as a school of thought and discusses its relevance for the issues that face the economics profession today. He begins with a historical perspective by reconsidering Marx as an "institutionalist," which provides a context for a discussion on Keynes, Schumpeter and Veblen. This is followed by an examination of modern institutionalism through the work of Gunnar Myrdal, J. K. Galbraith and William Kapp. He concludes with an evaluation of the future of the institutionalist approach.

Product Details

ISBN-13:	9780521599726
Publisher:	Cambridge University Press
Publication date:	07/24/1997
Series:	Raffaele Mattioli Lectures
Edition description:	REPRINT
Pages:	220
Product dimensions:	5.98(w) x 9.02(h) x 0.51(d)

Table of Contents

Preface; 1. Reappraisal of Marxian political economy as 'institutionalism' in the broad sense of the term; 2. The methodology of aggregates: Keynes vs Marx; 3. Marx vs Schumpeter on business cycles; 4 Institutional economics in America: Veblen; 5. Modern institutionalism; 6. The future of institutional economics I: in place of GNP; 7. The future of institutional economics II: the mixed economy as a mode of production; Discussion.

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"...a useful and at times provocative characterization and assessment of institutional economics." Journal of Economic Literature

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"...a useful and at times provocative characterization and assessment of institutional economics." Journal of Economic Literature

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