Underground Economics: A Decade of Institutionalist Dissent
M.E. Sharpe, 1992 - 368 стор.
This collection includes 32 scholarly articles on the development of institutionalist economics in an historical perspective. The author starts off with the Founding Fathers of institutional economics, such as Thorstein Veblen and John R.Commons, and then moves to theory and methodology, contrasting institutionalist with neo-classical economics. Other issues include the rise and significance of corporate capitalism, the role of economic planning, Reaganomics - or trickle-down economics, income distribution and poverty.
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according action administration American analysis argues become behavior capital central century collective Commons companies competition conglomerate continue corporate costs culture demand democratic discussion domination economic economists effect efficiency empirical employees evolution evolutionary existing explained federal firm force foundation function hand higher human important income increase individual industrial institutional institutional economics institutionalism institutionalists interest internal Issues John Journal of Economic kind labor least major managerial managers Marxism means myth nature neoclassical operating organization particular percent performance planning political position predictions Press problems production profit rational reform relations replaced result rise roles selection share social social control society status structure theory thought tion turn United University values Veblen wealth Williamson workers York
Сторінка 120 - The rights and interests of the laboring man will be protected and cared for — not by the labor agitators, but by the Christian men to whom God in His infinite wisdom has given the control of the property interests of the country, and upon the successful Management of which so much depends.
Сторінка 282 - The laws and conditions of the Production of wealth partake of the character of physical truths.
Сторінка 114 - It is the industry which is carried on for the benefit of the rich and the powerful that is principally encouraged by our mercantile system. That which is carried on for the benefit of the poor and the indigent, is too often either neglected or oppressed.
Сторінка 328 - Ernest Nagel, The Structure of Science (New York: Harcourt, Brace, and World, 1961) ; FSC Northrop, The Logic of the Sciences and the Humanities (New York: The Macmillan Co., 1947) ; Karl R.
Сторінка 24 - This natural law is felt to exercise some sort of a coercive surveillance over the sequence of events, and to give a spiritual stability and consistence to the causal relation at any given juncture. To meet the high classical requirement, a sequence — and a developmental process especially — must be apprehended in terms of a consistent propensity tending to some spiritually legitimate end. When facts and events have been reduced to these terms of fundamental truth and...
Сторінка 289 - The managers assume, for instance the burden of gathering together all of the traditional knowledge which in the past has been possessed by the workmen and then of classifying, tabulating, and reducing this knowledge to rules, laws, and formulae which are immensely helpful to the workmen in doing their daily work.
Сторінка 36 - But history records more frequent and more spectacular instances of the triumph of imbecile institutions over life and culture than of peoples who have by force of instinctive insight saved themselves alive out of a desperately precarious institutional situation...
Сторінка 163 - Hence there is an incentive to live and let live, to cultivate a cooperative spirit, and to recognize priorities of interest in the hope of reciprocal recognition.
Сторінка 76 - The hedonistic conception of man is that of a lightning calculator of pleasures and pains, who oscillates like a homogeneous globule of desire of happiness under the impulse of stimuli that shift him about the area, but leave him intact. He has neither antecedent nor consequent. He is an isolated, definitive human datum, in stable equilibrium except for the buffets of the impinging forces that displace him in one direction or another.
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