The Founding of Institutional Economics (Routledge Studies in the History of Economics, 23)

Institutional economics has been a major part of economic thought for the whole of the twentieth century, and today remains crucial to an understanding of the development of heterodox economics. The two principal publications that founded the school were Veblen's The Theory of the Leisure Class and Commons's A Sociological View of Sovereignty, both published in 1899. As a tribute to these two seminal works, Warren Samuels has assembled an exceptionally prestigious international group of scholars to produce this landmark volume celebrating the centenary. The chapters assess the work of Veblen and Commons and their influence on the school of institutional economics from a variety of theoretical perspectives. The contributions on Veblen appraise his anthropological analysis of consumption habits of American households from sociological, linguistic and feminist points of view. Conversely, the essays on Commons's work focus on the concepts of property, power and the relationship between legality and economics. Book Cover......Page 1 Title......Page 4 Contents......Page 5 Contributors......Page 10 Introduction WARREN J.SAMUELS......Page 12 Veblen and Commons......Page 14 Veblen, Commons, and the Industrial Commission DAVID HAMILTON......Page 16 Veblen and Commons and the concept of community EDYTHE S.MILLER......Page 27 Commons, A Sociological View of Sovereignty......Page 44 An evolutionary theory of the development of property and the state GLEN ATKINSON......Page 46 Sovereignty and withholding in John Commons's political economy RICHARD DAWSON......Page 60 The identity and significance of Commons's A Sociological View of Sovereignty RICHARD GONCE......Page 89 Commons, sovereignty, and the legal basis of the economic system STEVEN G.MEDEMA......Page 110 John R.Commons's ~Political Economy and Law~: Harbinger of A Sociological View of Sovereignty and Legal Foundations of Capitalism WARREN J.SAMUELS......Page 128 Veblen, The Theory of the Leisure Class......Page 136 Veblen and the vanishing of the ~leisure class~ PHILIPPE BRODA......Page 138 The Theory of the Leisure Class and the theory of demand E.RAY CANTERBERY......Page 152 Veblen's contribution to the instrumental theory of normative value LEWIS E.HILL......Page 170 Veblen's Theory of the Leisure Class and the genesis of evolutionary economics GEOFFREY M.HODGSON......Page 183 Veblen's feminism in historical perspective ANN JENNINGS......Page 214 Veblen and the anthropological perspective ANNE MAYHEW......Page 247 The rhetoricality of Thorstein Veblen's economic theorizing: A critical reading of The Theory of the Leisure Class DAVID SEBBERSON AND MARGARET LEWIS......Page 263 Georg Simmel and Thorstein Veblen on fashion fin de sicle RICK TILMAN......Page 295 A neoinstitutional theory of social change in Veblen's The Theory of the Leisure Class MARC R.TOOL......Page 315 Index......Page 333 Contributors -- Introduction / Warren J. Samuels -- Part I -- Veblen And Commons -- 1 Veblen, Commons, And The Industrial Commission / David Hamilton -- 2 Veblen And Commons And The Concept Of Community / Edythe S. Miller -- Part Ii -- Commons, A Sociological View Of Sovereignty -- 3 An Evolutionary Theory Of The Development Of Property And The State / Glen Atkinson -- 4 Sovereignty And Withholding In John Commons's Political Economy / Richard Dawson -- 5 The Identity And Significance Of Commons's A Sociological View Of Sovereignty / Richard Gonce -- 6 Commons, Sovereignty, And The Legal Basis Of The Economic System / Steven G. Medema -- 7 John R. Commons's Political Economy And Law: Harbinger Of A Sociological View Of Sovereignty And Legal Foundations Of Capitalism / Warren J. Samuels -- Part Iii -- Veblen, The Theory Of The Leisure Class -- 8 Veblen And The Vanishing Of The Leisure Class / Philippe Broda. 9 The Theory Of The Leisure Class And The Theory Of Demand / E. Ray Canterbery -- 10 Veblen's Contribution To The Instrumental Theory Of Normative Value / Lewis E. Hill -- 11 Veblen's Theory Of The Leisure Class And The Genesis Of Evolutionary Economics / Geoffrey M. Hodgson -- 12 Veblen's Feminism In Historical Perspective / Ann Jennings -- 13 Veblen And The Anthropological Perspective / Anne Mayhew -- 14 The Rhetoricality Of Thorstein Veblen's Economic Theorizing: A Critical Reading Of The Theory Of The Leisure Class / David Sebberson And Margaret Lewis -- 15 Georg Simmel And Thorstein Veblen On Fashion Fin De Siecle / Rick Tilman -- 16 A Neoinstitutional Theory Of Social Change In Veblen's The Theory Of The Leisure Class / Marc R. Tool -- Index. Edited By Warren J. Samuels. Includes Bibliographical References And Index.