K. William Kapp

The Foundations of Institutional Economics

Herausgeber: Berger, Sebastian; Steppacher, Rolf

• Gebundenes Buch

Produktbeschreibung

This is a ground-breaking book about the foundations of institutional economics. K. William Kapp presents the economic role of institutions for economic development, capital formation and technological dynamics in an easily accessible and comprehensive manner. As a front-rank 20th century institutional economist, Kapp pulls together arguments from a variety of sources, including Thorstein Veblen, John Kenneth Galbraith and Gunnar Myrdal, all of which emphasize the crucial role of institutions. The author cements institutional economics as a distinct and coherent framework of analysis to effectively address urgent socio-economic problems, such as environmental disruption and sustainable development. This book begins with a critique of conventional (neoclassical) economics and an overview of the antecedents of institutional economics. The core of the book is formed by the chapters on institutions, human economic behavior and needs, arguing that institutional change is key to directing economic development towards sustainable and adequate living conditions, rather than merely formal growth formulas. The final chapters provide the reader with the institutional theories of capital and technology, showing how capital formation and technological dynamics are determined by institutions, such as the principle of investment for profit. The appendix complements Kapp's plea for institutional change with articles on science and technology, social costs, substantive economics, and circular and cumulative causation. This book is suited for readers at all levels who are interested in institutional economics, the history of economics thought, political economics as well as ecological and heterodox economics. Researchers and students will find it to be an easily accessible and a concise elaboration on the foundations of institutional economics.

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Produktdetails

• Verlag: Routledge
• Seitenzahl: 304
• Erscheinungstermin: 24. Mai 2011
• Englisch
• Abmessung: 240mm x 161mm x 21mm
• Gewicht: 622g
• ISBN-13: 9780415586559
• ISBN-10: 0415586550
• Artikelnr.: 33257314

Autorenporträt

Sebastian Berger is Assistant Professor of Economics at Roanoke College, USA. Rolf Steppacher is a former graduate student assistant to K. William Kapp and a member of the Board of the Kapp Foundation, and until his recent retirement was Professor of Economics at the Graduate Institute at the University of Geneva, Switzerland.

Inhaltsangabe

Editorial Introduction 1. Introduction: The Lasting and Increasing
Relevance of Institutional Economics 2. Institutional Economics and
Conventional Economic Theory 3. The Intellectual Antecedents of
Institutional Economics 4. The Nature and Meaning of Institutions: Towards
a Theory of Institutional Change 5. The Institutional Theory of Human
Conduct and Economic Behavior 6. Towards a Theory of Human Needs and Social
Minima 7. The Institutional Concept of Capital and the Process of Capital
Formation 8. The Interaction between Technology and Business Enterprise 9.
Technology II 10. The Multi-Sector Economy and the Theory of Economic
Domination. Appendix A: Substantive vs. Formal Rationality: Environmental
Indicators as Indicators of Social Use Values. Appendix B: The Central
Hypothesis of Institutional Economics: Circular and Cumulative Causation.
Appendix C: Institutionalism and the Price System: The Problem of Social
Costs. Appendix D: Environment and Technology: New Frontiers for the Social
and Natural Sciences. Appendix E: Science and Technology in the Light of
Institutional Analysis: Governmental Furtherance of Environmentally Sound
Technologies as a Focus of Research and Environmental Policies. Appendix F:
Social Economics and Social Welfare Minima. Appendix G: In Defense of
Institutional Economics. Appendix H: Alternative Introductions. Appendix I:
Project Outline "American Institutionalism: The System of Economic Analysis
of Veblen and his Followers"