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Transaction Economics of John R. Commons
註釋"One of the founders of the Institutional school, John R. Commons developed theories of the evolution of capitalism and of institutional change which continue to influence modern economics. Takahashi reconstructs the key blocks of Commons' diverse body of institutional economics by taking the concept of the transaction as a central point of departure. Takahashi scrutinizes Commons' construction of transaction and its features and offers a reinterpretation of Commons' institutional economics and transaction economics. He then explores how Commons' analysis of going concerns (e.g. firms) has broader and deeper applications that extends to monetary policy, labour policy, and the business cycle. Takahashi examines how Commons and Veblen's dynamic theories share cumulative causation. He closes by positing that Commons' transaction economics seeks "reasonable capitalism" through a virtuous cycle of reasonable value and generation of good business ethics. This book is an attractive volume for researchers of institutional economics, political economy, heterodox economics, as well as the history of economic thought. Researchers studying law and ethics will also find this of interest"--