This thought-provoking volume seeks to answer some of the ultimate economic questions in terms of a theory that emerged with Adam Smith and is now come to full fruition; the principle of circular and cumulative causation (CCC) This full-fledged theoretical framework explains the whole interplay...

1. Introduction : the lasting and increasing relevance of institutional economics -- 2. Institutional economics and conventional economic theory -- 3. Intellectual antecedents of institutional economics -- 4. The nature and meaning of institutions : towards a theory of institutional change -- 5....

Cover; Half Title; Series Page; Title Page; Copyright Page; Dedication; Contents; Preface; Acknowledgements; 1. Introduction; 2. Sheila Dow; 3. Fernando Cardim de Carvalho; 4. William Darity; 5. S. Charusheela; 6. Karma Ura; 7. Rolf Steppacher; 8. Julie Nelson; 9. Tony Lawson; 10. Joan Martinez-Alier; 11....

1. Introduction -- 2. The planned economy and international trade -- 3. Social costs and social returns : a critical analysis of the social performance of the unplanned market economy -- 4. Social costs of free enterprise -- 5. Social returns : a critical analysis of the social performance of...