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Institutional Economics Revisited

Institutional Economics Revisited

Part of Raffaele Mattioli Lectures

  • Date Published: September 1997
  • availability: Available
  • format: Paperback
  • isbn: 9780521599726


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About the Authors
  • Shigeto Tsuru is one of Japan's most respected senior economists. In these lectures, he provides a reappraisal of institutionalism as a school of thought and discusses its relevance for the issues which the economic profession today must tackle. Tsuru reconsiders Marxian political economy as an 'institutionalist school', which provides a context for the following discussion of J. M. Keynes, Joseph Schumpeter and Thorstein Veblen. He goes on to present the four key elements of modern institutionalism - i.e., the open-system character of the economy; the problem of planning; the evolutionary process of modern economics; and the normative character of economics - by way of an examination of three present-day institutionalists, Gunnar Myrdal, John K. Galbraith, and K. William Kapp. Tsuru concludes with an evaluation of modern institutionalism and the future of institutional economics.

    • The author is one of the best post-war economists in the world
    • Provides reappraisal of institutionalism as a school of thought, discussing its relevance today
    • Reconsiders Marxian political economy
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    Product details

    • Date Published: September 1997
    • format: Paperback
    • isbn: 9780521599726
    • length: 220 pages
    • dimensions: 229 x 152 x 13 mm
    • weight: 0.33kg
    • availability: Available
  • Table of Contents

    1. Reappraisal of Marxian political economy as 'institutionalism' in the broad sense of the term
    2. The methodology of aggregates: Keynes vs Marx
    3. Marx vs Schumpeter on business cycles
    4 Institutional economics in America: Veblen
    5. Modern institutionalism
    6. The future of institutional economics I: in place of GNP
    7. The future of institutional economics II: the mixed economy as a mode of production

  • Author

    Shigeto Tsuru

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