Wendell Gordon presents the philosophy of economic institutionalism clearly and evocatively, in the tradition of the pragmatism of Peirce, James, and Dewey. In Gordon's view, the institutionalism of Veblen and Ayres, the only indigenous American school of economic thought, offered the most hope for understanding and solving the economic problems of the twentieth century. The institutional approach-long known as the Texas School-looks 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.
Product Identifiers
Publisher
University of Texas Press
ISBN-13
9780292738232
eBay Product ID (ePID)
103485564
Product Key Features
Author
Wendell Gordon
Publication Name
Institutional Economics: the Changing System
Format
Paperback
Language
English
Subject
Economics
Publication Year
1980
Type
Textbook
Number of Pages
364 Pages
Dimensions
Item Height
229mm
Item Width
152mm
Item Weight
544g
Additional Product Features
Title_Author
Wendell Gordon
Country/Region of Manufacture
United States
Best Selling in Adult Learning & University
Current slide {CURRENT_SLIDE} of {TOTAL_SLIDES}- Best Selling in Adult Learning & University