Transaction Economics of John R. Commons: Towards Reasonable Capitalism [Hardcover]

Acknowledgments

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Introduction

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PART ` ??Institution

1.???? Theory of transactions: the base of transaction economics of John R. Commons

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2.???? Theory of going concern: organization and institution

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PART a ??Basis of cumulative causation: markets and business organizations

3.???? Pricing theory: pricing by scarcity, abundance, and stabilization

4.???? Business cycle theory: expectations and cumulative causation

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PART b ??Stabilization policy: role of the state

5.???? Futurity and monetary policy: money and credit management

6.???? Labor theory and labor policy: labor problems and social security

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PART c ??Reasonable capitalism

7.???? Theory of reasonable value: rationing transactions and institutional adjustment

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8.???? Commons transaction economics and new institutional economics: markets, organizations, and state

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9.???? The potential of Commons transaction economics: cumulative legal causation towards reasonable capitalism

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Conclusion

Takahashi reconstructs the key blocks of one of the founders of the Institutional school, John R. Commons theories of the evolution of capitalism and of institutional change by taking the concept of transaction as a central point of departulc%