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Transaction economics of John R. Commons : towards reasonable capitalism

Takahashi, Shingo <1960- >

2025

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Testo a stampa (moderno)
Monografia
Codice SBN UBO4916577
Descrizione *Transaction economics of John R. Commons : towards reasonable capitalism / Shingo Takahashi
London ; New York : Routledge : Taylor Francis Group 2025
VIII, 177 p. ; 24 cm
ISBN 9781032701387
Collana Routledge studies in the history of economics
Primo Autore
Takahashi, Shingo <1960- >
Soggetti COMMONS JOHN ROGERS
Dewey 330.1552 SCUOLE DI PENSIERO ECONOMICO. ECONOMIA ISTITUZIONALE
Anno pubblicazione 2025
Titolo dell'opera Transaction economics of John R. Commons
Abstract di polo Takahashi reconstructs the key blocks of one of the founders of the institutional school, John R. Commons' theories of the evolution of capitalism and of institutional change by taking the concept of transaction as a central point of departure. Commons' theories continue to influence modern economics, and in this book, Takahashi scrutinizes his construction of transaction and its features and offers a reinterpretation of Commons' institutional economics and transaction economics. He then explores how Commons' analysis of going concerns (e.g., firms) has broader and deeper applications that extend to monetary policy, labor policy, and the business cycle. Takahashi examines how Commons' and Veblen's dynamic theories share cumulative causation. He closes by positing that Commons' transaction economics seeks reasonable capitalism through a virtuous cycle of reasonable value and generation of good business ethics. This book will be attractive to researchers of institutional economics, political economy, heterodox economics, as well as the history of economic thought, law, and ethics.