Institutional Economics Revisited

Erscheinungsjahr 1993
ISBN: 978-0-521-44021-9
Verlag: Cambridge University Press

Buch, Englisch, 219 Seiten, Format (B × H): 173 mm x 255 mm, Gewicht: 771 g

Reihe: Raffaele Mattioli Lectures

Shigeto Tsuru is one of Japan's most respected senior economists. In these lectures, he provides a reappraisal of institutionalism as a school of thought and discusses its relevance for the issues which the economic profession today must tackle. Tsuru reconsiders Marxian political economy as an 'institutionalist school', which provides a context for the following discussion of J. M. Keynes, Joseph Schumpeter and Thorstein Veblen. He goes on to present the four key elements of modern institutionalism - i.e., the open-system character of the economy; the problem of planning; the evolutionary process of modern economics; and the normative character of economics - by way of an examination of three present-day institutionalists, Gunnar Myrdal, John K. Galbraith, and K. William Kapp. Tsuru concludes with an evaluation of modern institutionalism and the future of institutional economics.

Autoren/Hrsg.

Tsuru, Shigeto

Inhaltsverzeichnis

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.