The Foundations of Institutional Economics: 13 (Routledge Advances in Heterodox Economics)
Language: English
Published by Routledge, 2014
Series: Book 13 of 44 - Routledge Advances in Heterodox Economics
- First Edition
- Softcover
- New
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K. William Kapp was one of the leading 20th century institutionalists and this volume presents his analysis of the foundations of institutional economics. It represents a major reappraisal of Kapp's contribution and legacy. Editor(s): Berger, Sebastian; Steppacher, Rolf. Num Pages: 300 pages, 7 black & white line drawings. BIC Classification: KCA; KCP; KCZ. Category: (UP) Postgraduate, Research & Scholarly; (UU) Undergraduate. Dimension: 232 x 169 x 18. Weight in Grams: 462. . 2014. 1st Edition. paperback. . . . .
Seller Inventory # V9781138799547
- Title
- The Foundations of Institutional Economics: 13 (Routledge Advances in Heterodox Economics)
- Author
- Kapp, K. William William
- Publisher
- Routledge
- Publication year
- 2014
- Condition
- New
- Binding
- Soft cover
- Language
- English
- ISBN 10
- 1138799548
- ISBN 13
- 9781138799547
- Edition
- 1st Edition
- Series
- Book 13 of 44: Routledge Advances in Heterodox Economics
This is a ground-breaking book about the foundations of institutional economics. K. William Kapp presents the economic role of institutions for economic development, capital formation and technological dynamics in an easily accessible and comprehensive manner. As a front-rank 20th century institutional economist, Kapp pulls together arguments from a variety of sources, including Thorstein Veblen, John Kenneth Galbraith and Gunnar Myrdal, all of which emphasize the crucial role of institutions. The author cements institutional economics as a distinct and coherent framework of analysis to effectively address urgent socio-economic problems, such as environmental disruption and sustainable development.
This book begins with a critique of conventional (neoclassical) economics and an overview of the antecedents of institutional economics. The core of the book is formed by the chapters on institutions, human economic behavior and needs, arguing that institutional change is key to directing economic development towards sustainable and adequate living conditions, rather than merely formal growth formulas. The final chapters provide the reader with the institutional theories of capital and technology, showing how capital formation and technological dynamics are determined by institutions, such as the principle of investment for profit. The appendix complements Kapp’s plea for institutional change with articles on science and technology, social costs, substantive economics, and circular and cumulative causation.
This book is suited for readers at all levels who are interested in institutional economics, the history of economics thought, political economics as well as ecological and heterodox economics. Researchers and students will find it to be an easily accessible and a concise elaboration on the foundations of institutional economics.
"Synopsis" may belong to another edition of this title.
About the Author
Sebastian Berger is Assistant Professor of Economics at Roanoke College, USA.
Rolf Steppacher is a former graduate student assistant to K. William Kapp and a member of the Board of the Kapp Foundation, and until his recent retirement was Professor of Economics at the Graduate Institute at the University of Geneva, Switzerland.
"About the title" may belong to another edition of this title.
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