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Going Concerns, Futurity and Reasonable Value

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  • Glen Atkinson

Abstract

A sketch of three major features of the theoretical framework developed by John R. Commons is presented in this article. Commons begins with collective action captured in dynamic going concerns rather than individual choice. Individuals operating in going concerns have power to attempt to shape institutional reform. These actions are driven by expectations or futurity. Since different going concerns compete to influence institutional reform, conflict rather than harmony is the essential nature of economic inquiry. Rationing transactions guided by due process are necessary to create order based on mutuality. This is the search for reasonable value.

Suggested Citation

  • Glen Atkinson, 2009. "Going Concerns, Futurity and Reasonable Value," Journal of Economic Issues, Taylor & Francis Journals, vol. 43(2), pages 433-440.
    • Handle: RePEc:mes:jeciss:v:43:y:2009:i:2:p:433-440
    DOI: 10.2753/JEI0021-3624430216
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    Cited by:

    1. Ronen Peter Palan, 2020. "An evolutionary approach to international political economy: the case of corporate tax avoidance," Review of Evolutionary Political Economy, Springer, vol. 1(2), pages 161-182, August.
    2. Roberta Provasi & Patrizia Riva, 2015. "Assessment Of Going Concern For The Italian Listed Companies: An Empirical Study," Review of Business and Finance Studies, The Institute for Business and Finance Research, vol. 6(1), pages 27-34.

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