"Despite abundant literature on transaction costs, there is little to no in-depth analysis regarding what the transaction is or how it works. Drawing on both mainstream and heterodox literature and a variety of interdisciplinary sources, this monograph traces the history of transaction costs in...

Preface -- Introduction: Schumpeter's distinctive approach to price theory -- The theory of economic development -- Business cycle theory and statistical methods -- The price level and the price system -- Money, credit and the price level -- Norms, equilibrium and competition -- Norms for a...