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Institutional Economics and the Theory of Social Value: Essays in Honor of Marc R. Tool

Author: Charles M.A. Clark

Publisher: Springer Science & Business Media

Published: 2012-12-06

Total Pages: 283

ISBN-13: 940110655X

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Marc R. Tool, both through his writings and his editorship of the Journal of Economic Issues, has had a profound influence on institutional economics. Tool's efforts, in his own words, "has been to keep values on the agenda of economic inquiry," which is another way of saying "keep economic inquiry relevant. " Tool's work on the theory of social value and instrumental valuation has helped to keep institutional economics focused on the core economic and social issues facing society, providing both a perspective from which to analyze the economy and a criteria for evaluating outcomes. This collection of essays is a testament to this legacy. Although these 15 chapters cover a wide and diverse range of topics, it is the common themes which are most striking: the inescapable necessity of values in economic discourse; the central role of valuation in economic activity; and most importantly, the requirement of democratic participation to achieve "efficient" solutions to the economic problem. These essays are offered to honor a body of work, a set of ideas, but mostly a man who, by directing economic inquiry to these core issues, has promoted "the continuity of human life and the noninvidious recreation of community through the instrumental use of knowledge.

Book Synopsis Institutional Economics and the Theory of Social Value: Essays in Honor of Marc R. Tool by : Charles M.A. Clark

Download or read book Institutional Economics and the Theory of Social Value: Essays in Honor of Marc R. Tool written by Charles M.A. Clark and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 283 pages. Available in PDF, EPUB and Kindle. Book excerpt: Marc R. Tool, both through his writings and his editorship of the Journal of Economic Issues, has had a profound influence on institutional economics. Tool's efforts, in his own words, "has been to keep values on the agenda of economic inquiry," which is another way of saying "keep economic inquiry relevant. " Tool's work on the theory of social value and instrumental valuation has helped to keep institutional economics focused on the core economic and social issues facing society, providing both a perspective from which to analyze the economy and a criteria for evaluating outcomes. This collection of essays is a testament to this legacy. Although these 15 chapters cover a wide and diverse range of topics, it is the common themes which are most striking: the inescapable necessity of values in economic discourse; the central role of valuation in economic activity; and most importantly, the requirement of democratic participation to achieve "efficient" solutions to the economic problem. These essays are offered to honor a body of work, a set of ideas, but mostly a man who, by directing economic inquiry to these core issues, has promoted "the continuity of human life and the noninvidious recreation of community through the instrumental use of knowledge.

Essays in Social Value Theory: A Neoinstitutionalist Contribution

Author: Marc R. Tool

Publisher: Routledge

Published: 2019-05-03

Total Pages: 245

ISBN-13: 1315494590

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This is a collection of Marc Tool's essays on instituitional econonics, written over the 1980s.

Book Synopsis Essays in Social Value Theory: A Neoinstitutionalist Contribution by : Marc R. Tool

Download or read book Essays in Social Value Theory: A Neoinstitutionalist Contribution written by Marc R. Tool and published by Routledge. This book was released on 2019-05-03 with total page 245 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is a collection of Marc Tool's essays on instituitional econonics, written over the 1980s.

Evolutionary Economics: v. 2

Author: Marc R. Tool

Publisher: Routledge

Published: 2019-07-12

Total Pages: 784

ISBN-13: 1315493047

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This is part of a two-volume work intended to map the theoretical heartland of the institutionalist perspective on political economy. Volume II considers basic economic processes, institutions for stabilizing and planning economic activities, the role of power and accountability, and emerging global interdependence. Marc R. Tool is the editor of "Journal of Economic Issues".

Book Synopsis Evolutionary Economics: v. 2 by : Marc R. Tool

Download or read book Evolutionary Economics: v. 2 written by Marc R. Tool and published by Routledge. This book was released on 2019-07-12 with total page 784 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is part of a two-volume work intended to map the theoretical heartland of the institutionalist perspective on political economy. Volume II considers basic economic processes, institutions for stabilizing and planning economic activities, the role of power and accountability, and emerging global interdependence. Marc R. Tool is the editor of "Journal of Economic Issues".

Institutional Economics: Theory, Method, Policy

Author: Marc R. Tool

Publisher: Springer Science & Business Media

Published: 2007-07-27

Total Pages: 364

ISBN-13: 0585296049

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The volume appraises, refines, and extends the institutionalist's evolutionary theory of political economy in six different areas of inquiry: (a) the provision of a fresh and comparative overview of institutional economics in general; (b) the presentation and refinement of pragmatic methods of inquiry; (c) the exploration of extensions and clarifications of instrumental value theory; (d) the distillation of an emergent institutionalist theory of labor markets; (e) the explication of a culture-based theory of economic development; and (f) the formulation of an analytical design that provides direction for institutional policy making. Institutional Economics: Theory, Method, Policy appears at an especially opportune time, when there is widespread and accumulating analytical dissatisfaction with received economic doctrine. The traditional neoclassical and Marxist views of how to explain, order, and operate a political economy are now in question throughout the world. Appeals are being made for more relevant and pragmatic, less doctrinaire and dogmatic, approaches to economic inquiry and problem solving. This volume provides fresh theoretical underpinnings for such problem solving efforts.

Book Synopsis Institutional Economics: Theory, Method, Policy by : Marc R. Tool

Download or read book Institutional Economics: Theory, Method, Policy written by Marc R. Tool and published by Springer Science & Business Media. This book was released on 2007-07-27 with total page 364 pages. Available in PDF, EPUB and Kindle. Book excerpt: The volume appraises, refines, and extends the institutionalist's evolutionary theory of political economy in six different areas of inquiry: (a) the provision of a fresh and comparative overview of institutional economics in general; (b) the presentation and refinement of pragmatic methods of inquiry; (c) the exploration of extensions and clarifications of instrumental value theory; (d) the distillation of an emergent institutionalist theory of labor markets; (e) the explication of a culture-based theory of economic development; and (f) the formulation of an analytical design that provides direction for institutional policy making. Institutional Economics: Theory, Method, Policy appears at an especially opportune time, when there is widespread and accumulating analytical dissatisfaction with received economic doctrine. The traditional neoclassical and Marxist views of how to explain, order, and operate a political economy are now in question throughout the world. Appeals are being made for more relevant and pragmatic, less doctrinaire and dogmatic, approaches to economic inquiry and problem solving. This volume provides fresh theoretical underpinnings for such problem solving efforts.

Value Theory and Economic Progress: The Institutional Economics of J. Fagg Foster

Author: Marc R. Tool

Publisher: Springer Science & Business Media

Published: 2012-12-06

Total Pages: 234

ISBN-13: 9401139989

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J. Fagg Foster (1907-1985) was one of the most significant creators of institutionalist economic theory in the twentieth century. He wrote and taught in the American intellectual tradition of Thorstein Weblen, John R. Commons, John Dewey and Clarence E. Ayres. This tradition shares purpose and philosophy with the European contributors, Gunnar Myrdal and K. William Kapp. Because little of Foster's scholarly work was formally published, professional knowledge of his extraordinary contribution is quite limited beyond the circle of his students and colleagues. Value Theory and Economic Progress attempts to correct that deficiency by providing an extended characterization of this missing and crucial component of the development of American heterodox economic thought. Its purpose is to demonstrate the timely relevance and significance of this model of inquiry in political economy. In addition, this volume explains that contemporary problem solving means changing `what is' into `what ought to be' through institutional adjustments; such a demonstration is at the heart of Foster's contribution to institutional thought.

Book Synopsis Value Theory and Economic Progress: The Institutional Economics of J. Fagg Foster by : Marc R. Tool

Download or read book Value Theory and Economic Progress: The Institutional Economics of J. Fagg Foster written by Marc R. Tool and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 234 pages. Available in PDF, EPUB and Kindle. Book excerpt: J. Fagg Foster (1907-1985) was one of the most significant creators of institutionalist economic theory in the twentieth century. He wrote and taught in the American intellectual tradition of Thorstein Weblen, John R. Commons, John Dewey and Clarence E. Ayres. This tradition shares purpose and philosophy with the European contributors, Gunnar Myrdal and K. William Kapp. Because little of Foster's scholarly work was formally published, professional knowledge of his extraordinary contribution is quite limited beyond the circle of his students and colleagues. Value Theory and Economic Progress attempts to correct that deficiency by providing an extended characterization of this missing and crucial component of the development of American heterodox economic thought. Its purpose is to demonstrate the timely relevance and significance of this model of inquiry in political economy. In addition, this volume explains that contemporary problem solving means changing `what is' into `what ought to be' through institutional adjustments; such a demonstration is at the heart of Foster's contribution to institutional thought.

Evolutionary Economics: Institutional theory and policy

Author: Marc R. Tool

Publisher:

Published: 1988

Total Pages:

ISBN-13:

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Book Synopsis Evolutionary Economics: Institutional theory and policy by : Marc R. Tool

Download or read book Evolutionary Economics: Institutional theory and policy written by Marc R. Tool and published by . This book was released on 1988 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Pricing, Valuation and Systems

Author: Marc R. Tool

Publisher: Edward Elgar Publishing

Published: 1995

Total Pages: 270

ISBN-13: 9781852789763

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This volume re-introduces American neoinstitutional economics as an alternative to the neoclassical orthodoxy.

Book Synopsis Pricing, Valuation and Systems by : Marc R. Tool

Download or read book Pricing, Valuation and Systems written by Marc R. Tool and published by Edward Elgar Publishing. This book was released on 1995 with total page 270 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume re-introduces American neoinstitutional economics as an alternative to the neoclassical orthodoxy.

The Elgar Companion to Social Economics, Second Edition

Author: John B. Davis

Publisher: Edward Elgar Publishing

Published: 2015-05-29

Total Pages: 774

ISBN-13: 1783478543

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Social economics is a dynamic and growing field that emphasizes the key roles social values play in the economy and economic life. This second edition of the Elgar Companion to Social Economics revises all chapters from the first edition, and adds impo

Book Synopsis The Elgar Companion to Social Economics, Second Edition by : John B. Davis

Download or read book The Elgar Companion to Social Economics, Second Edition written by John B. Davis and published by Edward Elgar Publishing. This book was released on 2015-05-29 with total page 774 pages. Available in PDF, EPUB and Kindle. Book excerpt: Social economics is a dynamic and growing field that emphasizes the key roles social values play in the economy and economic life. This second edition of the Elgar Companion to Social Economics revises all chapters from the first edition, and adds impo

The Routledge Handbook of Heterodox Economics

Author: Tae-Hee Jo

Publisher: Routledge

Published: 2017-07-28

Total Pages: 550

ISBN-13: 1317480295

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The Routledge Handbook of Heterodox Economics presents a comprehensive overview of the latest work on economic theory and policy from a ‘pluralistic’ heterodox perspective. Contributions throughout the Handbook explore different theoretical perspectives including: Marxian-radical political economics; Post Keynesian-Sraffian economics; institutionalist-evolutionary economics; feminist economics; social economics; Régulation theory; the Social Structure of Accumulation approach; and ecological economics. They explain the structural properties and dynamics of capitalism, as well as propose economic and social policies for the benefit of the majority of the population. This book aims, firstly, to provide realistic and coherent theoretical frameworks to understand the capitalist economy in a constructive and forward-looking manner. Secondly, it delineates the future directions, as well as the current state, of heterodox economics, and then provides both ‘heat and light’ on controversial issues, drawing out the commonalities and differences among different heterodox economic approaches. The volume also envisions transformative economic and social policies for the majority of the population and explains why economics is, and should be treated as, a social science. This Handbook will be of compelling interest to those, including students, who wish to learn about alternative economic theories and policies that are rarely found in conventional economics textbooks or discussed in the mainstream media, and to critical economists and other social scientists who are concerned with analyzing pressing socio-economic issues.

Book Synopsis The Routledge Handbook of Heterodox Economics by : Tae-Hee Jo

Download or read book The Routledge Handbook of Heterodox Economics written by Tae-Hee Jo and published by Routledge. This book was released on 2017-07-28 with total page 550 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Routledge Handbook of Heterodox Economics presents a comprehensive overview of the latest work on economic theory and policy from a ‘pluralistic’ heterodox perspective. Contributions throughout the Handbook explore different theoretical perspectives including: Marxian-radical political economics; Post Keynesian-Sraffian economics; institutionalist-evolutionary economics; feminist economics; social economics; Régulation theory; the Social Structure of Accumulation approach; and ecological economics. They explain the structural properties and dynamics of capitalism, as well as propose economic and social policies for the benefit of the majority of the population. This book aims, firstly, to provide realistic and coherent theoretical frameworks to understand the capitalist economy in a constructive and forward-looking manner. Secondly, it delineates the future directions, as well as the current state, of heterodox economics, and then provides both ‘heat and light’ on controversial issues, drawing out the commonalities and differences among different heterodox economic approaches. The volume also envisions transformative economic and social policies for the majority of the population and explains why economics is, and should be treated as, a social science. This Handbook will be of compelling interest to those, including students, who wish to learn about alternative economic theories and policies that are rarely found in conventional economics textbooks or discussed in the mainstream media, and to critical economists and other social scientists who are concerned with analyzing pressing socio-economic issues.

Encyclopedia of Political Economy

Author: Phillip O'Hara

Publisher: Routledge

Published: 1999-02-04

Total Pages: 938

ISBN-13: 1134734891

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This groundbreaking Encyclopedia is the very first fully-refereed A-Z compendium of the main principles, concepts, problems, institutions, schools and policies associated with political economy. Based on developments in political economy since the 1960s, it is designed to provide a comprehensive introduction to the field as well as being an authori

Book Synopsis Encyclopedia of Political Economy by : Phillip O'Hara

Download or read book Encyclopedia of Political Economy written by Phillip O'Hara and published by Routledge. This book was released on 1999-02-04 with total page 938 pages. Available in PDF, EPUB and Kindle. Book excerpt: This groundbreaking Encyclopedia is the very first fully-refereed A-Z compendium of the main principles, concepts, problems, institutions, schools and policies associated with political economy. Based on developments in political economy since the 1960s, it is designed to provide a comprehensive introduction to the field as well as being an authori