Institutional Economics Revisited, Paperback / softback Book

Institutional Economics Revisited Paperback / softback

Part of the Raffaele Mattioli Lectures series

Paperback / softback

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Shigeto Tsuru is one of Japan's most respected senior economists.

In these lectures, he provides a reappraisal of institutionalism as a school of thought and discusses its relevance for the issues which the economic profession today must tackle.

Tsuru reconsiders Marxian political economy as an 'institutionalist school', which provides a context for the following discussion of J.

M. Keynes, Joseph Schumpeter and Thorstein Veblen. He goes on to present the four key elements of modern institutionalism - i.e., the open-system character of the economy; the problem of planning; the evolutionary process of modern economics; and the normative character of economics - by way of an examination of three present-day institutionalists, Gunnar Myrdal, John K.

Galbraith, and K. William Kapp. Tsuru concludes with an evaluation of modern institutionalism and the future of institutional economics.

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