The Founding of Institutional Economics

As a tribute to Veblen'sThe Theory of the Leisure Classand Commons'A Sociological View of Sovereignty,Warren Samuels has assembled an international group of scholars to produce this landmark volume celebrating the centenary. The chapters assess the work of Veblen and Commons and their influence on the school of institutional economics from a variety of theoretical perspectives. The contributions on Veblen appraise his anthropological analysis of consumption habits of American households from sociological, linguistic and feminist points of view. The essays on Commons' work focus on the concepts of property, power and the relationship between legality and economics.

Contributors

ix

Introduction

xi

Warren J. Samuels

PART I Veblen and Commons

1

(30)

Veblen, Commons, and the Industrial Commission

3

(11)

David Hamilton

Veblen and Commons and the concept of community

14

(17)

Edythe S. Miller

PART II Commons, A Sociological View of Sovereignty

31

(92)

An evolutionary theory of the development of property and the state

33

(14)

Glen Atkinson

Sovereignty and withholding in John Commons's political economy

47

(29)

Richard Dawson

The identity and significance of Commons's A Sociological View of Sovereignty

76

(21)

Richard Gonce

Commons, sovereignty, and the legal basis of the economic system

97

(18)

Steven G. Medema

John R. Commons's ``Political Economy and Law'': Harbinger of A Sociological View of Sovereignty and Legal Foundations of Capitalism

115

(8)

Warren J. Samuels

PART III Veblen, The Theory of the Leisure Class

123

(197)

Veblen and the vanishing of the ``leisure class''

125

(14)

Philippe Broda

The Theory of the Leisure Class and the theory of demand

139

(18)

E. Ray Canterbery

Veblen's contribution to the instrumental theory of normative value

157

(13)

Lewis E. Hill

Veblen's Theory of the Leisure Class and the genesis of evolutionary economics

170

(31)

Geoffrey M. Hodgson

Veblen's feminism in historical perspective

201

(33)

Ann Jennings

Veblen and the anthropological perspective

234

(16)

Anne Mayhew

The rhetoricality of Thorstein Veblen's economic theorizing: A critical reading of The Theory of the Leisure Class

250

(32)

David Sebberson

Margaret Lewis

Georg Simmel and Thorstein Veblen on fashion fin de siecle

282

(20)

Rick Tilman

A neoinstitutional theory of social change in Veblen's The Theory of the Leisure Class

302

(18)

Marc R. Tool

Index

320

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The Founding of Institutional Economics

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Table of Contents

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