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000780383 019__ $$a971613366$$a979763900$$a980138821$$a981820536
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000780383 020__ $$a9811032025$$q(electronic book)
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000780383 0247_ $$a10.1007/978-981-10-3202-8$$2doi
000780383 035__ $$aSP(OCoLC)ocn978408253
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000780383 049__ $$aISEA
000780383 050_4 $$aHB119.C58$$bC66 2017
000780383 08204 $$a330.92$$223
000780383 24500 $$aContemporary meanings of John R. Commons's institutional economics :$$ban analysis using a newly discovered manuscript /$$cHiroyuki Uni, editor.
000780383 264_1 $$aSingapore :$$bSpringer,$$c[2017]
000780383 300__ $$a1 online resource.
000780383 336__ $$atext$$btxt$$2rdacontent
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000780383 338__ $$aonline resource$$bcr$$2rdacarrier
000780383 347__ $$atext file$$bPDF$$2rda
000780383 4901_ $$aEvolutionary Economics and Social Complexity Science,$$x2198-4204 ;$$v5
000780383 5050_ $$aPreface; Contents; Contributors; Part I Volitional Theory of Value with Multiple Causations; Scope of John R. Commons's Criticism of the Classical Theory of Value: Progress and Limitations in the 1927 Manuscript; 1 Conclusions of Commons's Criticism of the Classical Theory of Value; 2 Theoretical Progress in the 1927 Manuscript; 2.1 Conceptualization of Proprietary Scarcity; 2.2 Construction of a Theory of Value with Multiple Causations; 2.3 Formulation of Three Types of Transactions; 3 Theoretical Limitations in the 1927 Manuscript; 3.1 Limitations in the Concept of Judicial Transactions
000780383 5058_ $$a3.2 Coordination of Managerial and Bargaining Transactions4 Concluding Remarks; References; From Carl Menger to John R. Commons: Human Volition and Value Theory in Institutional Economics; 1 Introduction; 2 Austrian Prelude to Institutional Economics: Value and Powers in Commons Before 1927; 3 Menger's Grundsätze for the Scientific Volitional Theory of Value in the 1927 Draft; 3.1 Menger as a Pioneer of the Volitional Theory of Value; 3.2 Functional Analysis in Grundsätze as "Exact Orientation of Research"
000780383 5058_ $$a3.3 Commons and Menger as Contemporaries: Two Directions Within the Economy and Conflicts of Interests in the Second Edition of Grundsätze4 Reasonable Value as a Development of Grundsätze in Institutional Economics in 1934; 5 Concluding Remarks; References; Part II Theories for Social Reform; The Effect of the Great Depression on the Institutional Economics of John R. Commons; 1 Introduction; 2 Comparison Between Institutional Economics (1934) and the 1927 Manuscript; 2.1 Previous Studies on the 1927 Manuscript; 2.2 The Concept of the Institution
000780383 5058_ $$a3 Two Publications in 1931: "World Depressions" and "Institutional Economics"3.1 "World Depressions" (1931); 3.1.1 Causes of World Depressions; 3.1.2 Measures Against World Depressions; 3.2 "Institutional Economics" (1931); 3.2.1 Concept of the Institution; 3.2.2 Rationing Transaction; 4 The Influence of the Great Depression on Commons; 4.1 Administration of Incorporeal Property and Intangible Property; 4.2 How to Control Two Kinds of Property; 4.3 Teachings of Benjamin Strong; 4.4 The Administrative Committee After the Great Depression; 5 Discussion; 6 Conclusion; References
000780383 5058_ $$aTwo Methods of Institutional Reform in the Institutional Economics of John R. Commons1 Introduction; 2 The Method of Institutional Reform Seen in The Legal Foundations of Capitalism (1924) and the 1927 Manuscript; 3 The Method of Institutional Reform Described in Institutional Economics (1934a); 3.1 Sovereignty in the Joint Bargaining System; 3.2 Reasons Private Going Concerns Participate in the System; 3.3 Two Meanings of Reasonableness; 4 The Importance of the Joint Bargaining System; 4.1 Avoidance of Totalitarianism; 4.2 The Passage of the Unemployment Prevention Law
000780383 506__ $$aAccess limited to authorized users.
000780383 520__ $$aThis book is the first to reinterpret John R. Commons's Institutional Economics with a newly discovered manuscript written in 1927 in order to find its contemporary meanings in economic theories. Commons aimed to establish institutional economics to understand capitalism in the USA of that time, when people’s collective actions were gaining importance with the emergence of powerful labor unions, oligopolistic corporations, and national judicial systems. Setting three types of transactions as his central concepts for analysis, Commons described dynamics of capitalism as multiple and cumulative causal processes of transactions, through which the final goal should be achievements of a "reasonable value". He also believed that the reasonable value could be achieved by the evolution of institutions. There is no doubt that Commons's ideas proposed in Institutional Economics such as transactions and collective actions greatly inspired later economists; however, few studies have contributed to comprehensive understanding of the origin of his masterpiece. To what extent and in what sense had Commons rejected or accepted previous classical economics or marginalism for constituting his original institutional economics? What are the meanings and limitations that reasonable value may have for contemporary political economy? Institutional Economics as attempts to resolve deep economic problems at that time. Commons's efforts create important implications for us, those who are living in an era after the global financial crisis and confronting various challenges to political economy.
000780383 588__ $$aDescription based on online resource; title from digital title page (viewed on Mar. 10, 2017).
000780383 60010 $$aCommons, John R.$$q(John Rogers),$$d1862-1945$$xCriticism and interpretation.
000780383 650_0 $$aInstitutional economics.
000780383 7001_ $$aUni, Hiroyuki,$$eeditor.
000780383 77608 $$iPrint version:$$z9811032017$$z9789811032011$$w(OCoLC)961408680
000780383 830_0 $$aEvolutionary economics and social complexity science ;$$v5.
000780383 852__ $$bebk
000780383 85640 $$3SpringerLink$$uhttps://univsouthin.idm.oclc.org/login?url=http://link.springer.com/10.1007/978-981-10-3202-8$$zOnline Access$$91397441.1
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