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Veblen, Commons and the Theory of the Firm

In: Handbook on the Economics and Theory of the Firm

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  • Geoffrey M. Hodgson

Abstract

This unique Handbook explores both the economics of the firm and the theory of the firm, two areas which are traditionally treated separately in the literature. On the one hand, the former refers to the structure, organization and boundaries of the firm, while the latter is devoted to the analysis of behaviours and strategies in particular market contexts. The novel concept underpinning this authoritative volume is that these two areas closely interact, and that a framework must be articulated in order to illustrate how linkages can be created.

Suggested Citation

  • Geoffrey M. Hodgson, 2012. "Veblen, Commons and the Theory of the Firm," Chapters, in: Michael Dietrich & Jackie Krafft (ed.), Handbook on the Economics and Theory of the Firm, chapter 5, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:13623_5
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    References listed on IDEAS

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    1. Malcolm Rutherford, 2001. "Institutional Economics: Then and Now," Journal of Economic Perspectives, American Economic Association, vol. 15(3), pages 173-194, Summer.
    2. Thorstein B. Veblen, 1893. "The Food Supply and the Price of Wheat," Journal of Political Economy, University of Chicago Press, vol. 1(3), pages 365-365.
    3. Rutherford,Malcolm, 1996. "Institutions in Economics," Cambridge Books, Cambridge University Press, number 9780521574471.
    4. J. Patrick Raines & Charles G. Leathers, 1996. "Veblenian Stock Markets and the Efficient Markets Hypothesis," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 19(1), pages 137-152, September.
    5. Frederic S. Lee & Paul Downward, 1999. "Retesting Gardiner Means’s Evidence on Administered Prices," Journal of Economic Issues, Taylor & Francis Journals, vol. 33(4), pages 861-886, December.
    6. Michael Dietrich & Jackie Krafft (ed.), 2012. "Handbook on the Economics and Theory of the Firm," Books, Edward Elgar Publishing, number 13623.
    7. J. Patrick Raines & Charles G. Leathers, 1996. "Veblenian Stock Markets and the Efficient Markets Hypothesis," Journal of Post Keynesian Economics, M.E. Sharpe, Inc., vol. 19(1), pages 137-151, October.
    8. Veblen, Thorstein, 1904. "Theory of Business Enterprise," History of Economic Thought Books, McMaster University Archive for the History of Economic Thought, number veblen1904.
    9. Michael Dietrich & Jackie Krafft, 2012. "Handbook on the Economics and Theory of the Firm," Post-Print halshs-01378625, HAL.
    10. Richard Goode, 1994. "Gardiner Means on Administered Prices and Administrative Inflation," Journal of Economic Issues, Taylor & Francis Journals, vol. 28(1), pages 173-186, March.
    11. Oliver E. Williamson, 2000. "The New Institutional Economics: Taking Stock, Looking Ahead," Journal of Economic Literature, American Economic Association, vol. 38(3), pages 595-613, September.
    12. Arthur J. Cordell, 1972. "Imperfect and Monopolistic Competition: The Role of the Robinson‐Chamberlin Theories in the Demise of Institutiondism," American Journal of Economics and Sociology, Wiley Blackwell, vol. 31(1), pages 41-60, January.
    13. Foss, Nicolai J, 1998. "The Competence-Based Approach: Veblenian Ideas in the Modern Theory of the Firm," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 22(4), pages 479-495, July.
    14. Gardiner C. Means, 1931. "The Separation of Ownership and Control in American Industry," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 46(1), pages 68-100.
    15. Gunnar Myrdal, 1978. "Institutional Economics," Journal of Economic Issues, Taylor & Francis Journals, vol. 12(4), pages 771-783, December.
    16. Means, Gardiner C, 1972. "The Administered-Price Thesis Reconfirmed," American Economic Review, American Economic Association, vol. 62(3), pages 292-306, June.
    17. Williamson, Oliver E, 1981. "The Modern Corporation: Origins, Evolution, Attributes," Journal of Economic Literature, American Economic Association, vol. 19(4), pages 1537-1568, December.
    18. Gindis, David, 2009. "From fictions and aggregates to real entities in the theory of the firm," Journal of Institutional Economics, Cambridge University Press, vol. 5(1), pages 25-46, April.
    19. Samuels, Warren J, 1971. "Interrelations Between Legal and Economic Processes," Journal of Law and Economics, University of Chicago Press, vol. 14(2), pages 435-450, October.
    20. Rutledge Vining, 1939. "Suggestions of Keynes in the Writings of Veblen," Journal of Political Economy, University of Chicago Press, vol. 47(5), pages 692-692.
    21. Simon, Herbert A, 1979. "Rational Decision Making in Business Organizations," American Economic Review, American Economic Association, vol. 69(4), pages 493-513, September.
    22. Williamson, Oliver E, 1983. "Credible Commitments: Using Hostages to Support Exchange," American Economic Review, American Economic Association, vol. 73(4), pages 519-540, September.
    23. Thorstein Veblen, 1905. "Credit and Prices," Journal of Political Economy, University of Chicago Press, vol. 13(3), pages 460-460.
    24. Myrdal, Gunnar, 1978. "Political and Institutional Economics," Research Series, Economic and Social Research Institute (ESRI), number GLS11, June.
    25. Geoffrey Hodgson, 2009. "On the Institutional Foundations of Law: The Insufficiency of Custom and Private Ordering," Journal of Economic Issues, Taylor & Francis Journals, vol. 43(1), pages 143-166.
    26. Thorstein Veblen, 1898. "Why is Economics Not an Evolutionary Science?," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 12(4), pages 373-397.
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