Transaction economics of John R. Commons : towards reasonable capitalism

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 moder...

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Bibliographic Details
Main Author: Takahashi, Shingo (Economist), (Author)
Format: eBook
Language: English
Published: Abingdon, Oxon ; New York, NY : Routledge, 2025.
Series: Routledge studies in the history of economics.
Subjects:
ISBN: 9781040166468
1040166466
9781032701394
1032701390
9781040166505
1040166504
1032701382
9781032701387
Physical Description: 1 online resource.

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245 1 0 |a Transaction economics of John R. Commons :  |b towards reasonable capitalism /  |c Shingo Takahashi. 
264 1 |a Abingdon, Oxon ;  |a New York, NY :  |b Routledge,  |c 2025. 
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490 1 |a Routledge studies in the history of economics 
520 |a 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. 
588 |a OCLC-licensed vendor bibliographic record. 
600 1 0 |a Commons, John R.  |q (John Rogers),  |d 1862-1945. 
650 0 |a Institutional economics. 
650 0 |a Capitalism. 
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830 0 |a Routledge studies in the history of economics. 
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