Takahashi, Shingo  (Economist), <br/><br/>
Transaction economics of John R. Commons :  towards reasonable capitalism / 
Shingo Takahashi. 
 - Abingdon, Oxon ;  New York, NY :  Routledge,  2025. 
 - 1 online resource. 
 - Routledge studies in the history of economics .
 - Routledge studies in the history of economics. .
<br/><br/> 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 departure. Commons' theories continue to influence modern economics, and in this book, Takahashi scrutinizes his 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 extend to monetary policy, labor 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 will be attractive to researchers of institutional economics, political economy, heterodox economics, as well as the history of economic thought, law, and ethics. 
<br/><br/><label>ISBN: </label>9781040166468 1040166466 9781032701394 1032701390 9781040166505 1040166504 
<br/><br/><label>Standard No.: </label>10.4324/9781032701394  doi 
<br/><br/><label>Subjects--Personal Names: </label><br/>Commons, John R. 1862-1945. 
<br/><br/><label>Subjects--Topical Terms: </label><br/>Institutional economics.<br/>Capitalism.<br/>BUSINESS & ECONOMICS / Economics / Microeconomics<br/>POLITICAL SCIENCE / Public Policy / Economic Policy<br/>LAW / Administrative Law & Regulatory Practice
<br/><br/><label>Dewey Class. No.: </label>330.15/52