This thought-provoking volume presents essays on the foundations of non-equilibrium economics, i.e. the principle of circular cumulative causation (CCC). This work presents empirical research on how the interplay of technology's increasing returns to scale, institutions, resources, and economic policy leads to virtuous circles of economic growth and development, but also to vicious circles of social and ecological degradation. In particular, evidence is provided for the important role of the "development state" and strategic trade policy, economies of large-scale production in...
This thought-provoking volume presents essays on the foundations of non-equilibrium economics, i.e. the principle of circular cumulative causation ...
This is a ground-breaking book about the foundations of institutional economics. K. William Kapp presents the economic role of institutions for economic development, capital formation and technological dynamics in an easily accessible and comprehensive manner. As a front-rank 20th century institutional economist, Kapp pulls together arguments from a variety of sources, including Thorstein Veblen, John Kenneth Galbraith and Gunnar Myrdal, all of which emphasize the crucial role of institutions. The author cements institutional economics as a distinct and coherent framework of analysis to...
This is a ground-breaking book about the foundations of institutional economics. K. William Kapp presents the economic role of institutions for econom...
K. William Kapp was one of the leading 20th century institutionalists and this volume presents his analysis of the foundations of institutional economics. It represents a major reappraisal of Kapp's contribution and legacy.
K. William Kapp was one of the leading 20th century institutionalists and this volume presents his analysis of the foundations of institutional econom...
This volume examines a theory that emerged with Adam Smith and is now come to full fruition - the principle of circular and cumulative causation. This theoretical framework explains the interplay of technology, firms, resources, institutions, culture and economic policy to understand the basic drives behind modern economic dynamics.
This volume examines a theory that emerged with Adam Smith and is now come to full fruition - the principle of circular and cumulative causation. This...
