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Institutional Economics: The Changing System
Barnes and Noble
Institutional Economics: The Changing System
Current price: $34.95
Barnes and Noble
Institutional Economics: The Changing System
Current price: $34.95
Size: Paperback
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The institutional approachlong known as the Texas Schoollooks at social order as ongoing process. The effort to explain how our attitudes have developed and how they are changed is central to this approach. Gordon argues that the dynamics of technical change, the institutionalism of behavior norms, human biology, and the resource endowment of the universe interact to create and change these attitudes.
Gordon thoroughly analyzes both orthodox and Marxist economic approaches with regard to institutional economics. He also examines such other radical approaches as underconsumption and the single tax. There is a discussion of the procedures and problems involved in testing for the validity of institutional theory and the analysis of economic problems in the institutional frame of reference. In addition, inflation, energy, multinationals, property rights, business organization, unemployment, and other issues are considered from an institutional perspective.