Contemporary meanings of John R. Commons's institutional economics an analysis using a newly discovered manuscript / Hiroyuki Uni, editor.

Includes bibliographies and index.

Preface; Contents; Contributors; Part I Volitional Theory of Value with Multiple Causations; Scope of John R. Commons's Criticism of the Classical Theory of Value: Progress and Limitations in the 1927 Manuscript; 1 Conclusions of Commons's Criticism of the Classical Theory of Value; 2 Theoretical Progress in the 1927 Manuscript; 2.1 Conceptualization of Proprietary Scarcity; 2.2 Construction of a Theory of Value with Multiple Causations; 2.3 Formulation of Three Types of Transactions; 3 Theoretical Limitations in the 1927 Manuscript; 3.1 Limitations in the Concept of Judicial Transactions

3.2 Coordination of Managerial and Bargaining Transactions4 Concluding Remarks; References; From Carl Menger to John R. Commons: Human Volition and Value Theory in Institutional Economics; 1 Introduction; 2 Austrian Prelude to Institutional Economics: Value and Powers in Commons Before 1927; 3 Menger's Grundsätze for the Scientific Volitional Theory of Value in the 1927 Draft; 3.1 Menger as a Pioneer of the Volitional Theory of Value; 3.2 Functional Analysis in Grundsätze as "Exact Orientation of Research"

3.3 Commons and Menger as Contemporaries: Two Directions Within the Economy and Conflicts of Interests in the Second Edition of Grundsätze4 Reasonable Value as a Development of Grundsätze in Institutional Economics in 1934; 5 Concluding Remarks; References; Part II Theories for Social Reform; The Effect of the Great Depression on the Institutional Economics of John R. Commons; 1 Introduction; 2 Comparison Between Institutional Economics (1934) and the 1927 Manuscript; 2.1 Previous Studies on the 1927 Manuscript; 2.2 The Concept of the Institution

3 Two Publications in 1931: "World Depressions" and "Institutional Economics"3.1 "World Depressions" (1931); 3.1.1 Causes of World Depressions; 3.1.2 Measures Against World Depressions; 3.2 "Institutional Economics" (1931); 3.2.1 Concept of the Institution; 3.2.2 Rationing Transaction; 4 The Influence of the Great Depression on Commons; 4.1 Administration of Incorporeal Property and Intangible Property; 4.2 How to Control Two Kinds of Property; 4.3 Teachings of Benjamin Strong; 4.4 The Administrative Committee After the Great Depression; 5 Discussion; 6 Conclusion; References

Two Methods of Institutional Reform in the Institutional Economics of John R. Commons1 Introduction; 2 The Method of Institutional Reform Seen in The Legal Foundations of Capitalism (1924) and the 1927 Manuscript; 3 The Method of Institutional Reform Described in Institutional Economics (1934a); 3.1 Sovereignty in the Joint Bargaining System; 3.2 Reasons Private Going Concerns Participate in the System; 3.3 Two Meanings of Reasonableness; 4 The Importance of the Joint Bargaining System; 4.1 Avoidance of Totalitarianism; 4.2 The Passage of the Unemployment Prevention Law

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