Value Theory And Economic Progress: The Institutional Economics Of J. Fagg Foster: The Institutional Economics Of J.fagg by Marc R. ToolValue Theory And Economic Progress: The Institutional Economics Of J. Fagg Foster: The Institutional Economics Of J.fagg by Marc R. Tool

Value Theory And Economic Progress: The Institutional Economics Of J. Fagg Foster: The…

byMarc R. Tool

Paperback | October 4, 2012

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J. Fagg Foster (1907-1985) was one of the most significant creators of institutionalist economic theory in the twentieth century. He wrote and taught in the American intellectual tradition of Thorstein Weblen, John R. Commons, John Dewey and Clarence E. Ayres. This tradition shares purpose and philosophy with the European contributors, Gunnar Myrdal and K. William Kapp.
Because little of Foster's scholarly work was formally published, professional knowledge of his extraordinary contribution is quite limited beyond the circle of his students and colleagues.ValueTheory and Economic Progressattempts to correct that deficiency by providing an extended characterization of this missing and crucial component of the development of American heterodox economic thought. Its purpose is to demonstrate the timely relevance and significance of this model of inquiry in political economy. In addition, this volume explains that contemporary problem solving means changing `what is' into `what ought to be' through institutional adjustments; such a demonstration is at the heart of Foster's contribution to institutional thought.
Title:Value Theory And Economic Progress: The Institutional Economics Of J. Fagg Foster: The…Format:PaperbackDimensions:231 pages, 23.5 × 15.5 × 0.17 inPublished:October 4, 2012Publisher:Springer-Verlag/Sci-Tech/TradeLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:9401057672

ISBN - 13:9789401057677

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Table of Contents

Preface. 1. Introduction. Part I: Institutional Theory. 2. The Theory of Scientific Inquiry. 3. A Critique Of Utility Value. 4. The Instrumental Theory of Value. 5. The Theory of Institutional Adjustment. Part II: Applications. 6. The American Experience and Contribution. 7. A Critique of Ism-Ideologies. 8. Foster and Keynes. 9. Instrumental Policy. Sources. Index.