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Institutional Economics Revisited

Paperback / softback

Main Details

Title Institutional Economics Revisited
Authors and Contributors      By (author) Shigeto Tsuru
SeriesRaffaele Mattioli Lectures
Physical Properties
Format:Paperback / softback
Pages:220
Dimensions(mm): Height 229,Width 152
Category/GenreEconomic theory and philosophy
ISBN/Barcode 9780521599726
ClassificationsDewey:330.155
Audience
Professional & Vocational
Illustrations Worked examples or Exercises

Publishing Details

Publisher Cambridge University Press
Imprint Cambridge University Press
Publication Date 24 July 1997
Publication Country United Kingdom

Description

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.

Reviews

"...a useful and at times provocative characterization and assessment of institutional economics." Journal of Economic Literature