Routledge Transaction Economics of John R. Commons - Book

Explore the foundations of institutional economics with this deep study of John R. Commons. In this volume from the Routledge Studies in the History of Economics series, Takahashi reconstructs the core theories of one of the most influential figures in the institutional school. By using the concept of transaction as the primary starting point, the text examines the evolution of capitalism and the processes of institutional change. This book provides a fresh reinterpretation of Commons' work, scrutinizing his construction of transaction and its specific features. Readers will gain a better understanding of how his theories continue to impact modern economic thought. Beyond theoretical frameworks, the analysis extends to how Commons viewed going concerns, such as firms, and how these concepts have broad applications in understanding economic structures. This is an essential resource for students and scholars interested in business and economic history.