Foundations of Institutional Economics

Foundations of Institutional Economics

AngličtinaPevná vazbaTisk na objednávku
Kapp K. William
Taylor & Francis Ltd
EAN: 9780415586559
Tisk na objednávku
Předpokládané dodání v pátek, 13. prosince 2024
4 235 Kč
Běžná cena: 4 705 Kč
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Podrobné informace

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.

EAN 9780415586559
ISBN 0415586550
Typ produktu Pevná vazba
Vydavatel Taylor & Francis Ltd
Datum vydání 24. května 2011
Stránky 304
Jazyk English
Rozměry 234 x 156
Země United Kingdom
Sekce Postgraduate, Research & Scholarly
Autoři Kapp K. William
Ilustrace 7 Line drawings, black and white
Editoři Berger Sebastian; Steppacher Rolf
Série Routledge Advances in Heterodox Economics