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Transaction Economics of John R. Commons: Towards Reasonable Capitalism book cover

1st Edition

Transaction Economics of John R. Commons Towards Reasonable Capitalism

By Shingo Takahashi Copyright 2025
186 Pages 18 B/W Illustrations
by Routledge

186 Pages 18 B/W Illustrations
by Routledge

186 Pages 18 B/W Illustrations
by Routledge
Also available as eBook on:
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... Read more

Acknowledgments

 

Introduction

 

PART Ⅰ   Institution

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

 

2.     Theory of going concern: organization and institution

 

PART Ⅱ   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

 

PART Ⅲ   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

 

PART Ⅳ   Reasonable capitalism

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

 

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

 

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

 

Conclusion

Biography

Shingo Takahashi is a professor at the Tokyo College of Transport Studies, Toshima, Tokyo, Japan. He has taught economics and the history of economic thought and studied the institutional economics of Commons for more than 20 years.

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