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Institutional Economics and the Specificity of Social Evolution: About the Contribution of J.R. Commons

Laure Bazzoli

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Abstract

Thorstein Veblen has made an immeasurable impact on the development of economics. His legacy has been to challenge orthodox thinking and inspire the institutionalist and evolutionary school of thought. In this book, a distinguished group of contributors analyses the impact, a century later, of Veblen’s 1898 challenge to economics.

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Thorstein Veblen has made an immeasurable impact on the development of economics. His legacy has been to challenge orthodox thinking and inspire the institutionalist and evolutionary school of thought. In this book, a distinguished group of contributors analyses the impact, a century later, of Veblen’s 1898 challenge to economics.

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Thorstein Veblen has made an immeasurable impact on the development of economics. His legacy has been to challenge orthodox thinking and inspire the institutionalist and evolutionary school of thought. In this book, a distinguished group of contributors analyses the impact, a century later, of Veblen’s 1898 challenge to economics.

Key concepts: Veblen good, Commons, Institutional economics, Neoclassical economics, Positive economics, Evolutionary economics, Sociology, Social science

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