DICHOTOMY OF T.VEBLEN AND J. COMMONS VIEWS OF MARKET AND HIERARCHICAL STRUCTURES
Abstract
The article examines the study of T. Veblen
and J. Commons works of contradictions arising in a
society and connected with introduction and development
of new institutions. The article shows the difference
in attitudes to market and market institutes of two
founders of institutional theory in economics. The author
proves that T. Veblens doctrine is based, in many aspects,
on old philosophical ideas with religious implications.
Therefore, T. Veblen and J. Commons doctrines
should be considered as two absolutely independent
doctrines and the early period of institutional economics
can be hardly treated as a separate branch.
and J. Commons works of contradictions arising in a
society and connected with introduction and development
of new institutions. The article shows the difference
in attitudes to market and market institutes of two
founders of institutional theory in economics. The author
proves that T. Veblens doctrine is based, in many aspects,
on old philosophical ideas with religious implications.
Therefore, T. Veblen and J. Commons doctrines
should be considered as two absolutely independent
doctrines and the early period of institutional economics
can be hardly treated as a separate branch.
About the Author
Валентин Щеголевский
Московский государственный областной университет
Russian Federation
Russian Federation
References
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2. Гэлбрейт Дж. Великий крах 1929. М.: Попурри, 2009. С 256.
3. Нельсон Ричард Р., Уинтер Сидней Дж. Эволю- ционная теория экономических изменений. М.: Дело, 2002. С. 535.
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5. Atkinson G. Views on Economic Order and Evolution // Journal of Economic Issues. 1995. V. 29. № 4, Р.1231-1240. (Dec95).
6. Commons J.R. Institutional Economics // American economic Review. Vol. 21. 1931.
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