Underground Economics

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Table of Contents

Preface to the Anthology
Introduction: The Underground Tradition: Institutional Economics at the Opening of the Twenty-first Century
Pt. I The Founding Fathers and Their Perspectives
1 Introduction to Part I 3
2 Property Rights, Law, and John R. Commons 4
3 The Reform Method of John R. Commons 14
4 The Origins of Thorstein Veblen's Thought 23
5 Veblen and Kropotkin on Human Evolution 30
6 Sociobiology for Social Scientists: A Critical Introduction to E. O. Wilson's Evolutionary Paradigm 41
Pt. II Theory and Methodology
7 Introduction to Part II 55
8 Ideological and Scientific Functions of the Neoclassical Theory of the Firm 57
9 Institutional and Neoclassical Economics Compared 64
10 Methodological Differences between Institutional and Neoclassical Economics 74
11 Two Twists in Economic Methodology: Positivism and Subjectivism 82
12 The Transaction-Cost Analysis of Oliver E. Williamson: A New Synthesis? 95
Pt. III Corporate Capitalism
13 Introduction to Part III 113
14 The Classical Economists and the Corporation 115
15 Power: An Institutional Framework of Analysis 125
16 Corporate Bureaucracy 134
17 The Administered Labor Market: An Institutional Analysis 143
18 The Continued Evolution of Corporate Power 152
19 The Shortcomings of Concentration Ratios in the Conglomerate Age 162
20 Centralization, Diversification, and Administrative Burden in U.S. Enterprises 171
21 An Institutional Analysis of Corporate Power 183
Pt. IV Economic Planning
22 Introduction to Part IV 213
23 The Wealth Tax: A Policy Proposal 215
24 Entrenched Corporate Power and Our Options for Dealing with It 225
25 Instituted Process and Enabling Myth: The Two Faces of the Market 235
26 Democratic Economic Planning and Worker Ownership 242
27 An Institutionalist Theory of Economic Planning 252
Pt. V Economic Issues
28 Introduction to Part V 275
29 The Last Gasp of Liberal Capitalism in America 277
30 Human Liberation: Workplace Reform as the Next Step in Social Evolution 285
31 An Institutionalist Critique of Reagan's Economic Program 296
32 Three Modes of Income Distribution 314
Notes 321
Index 359
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