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Institutional Economics and the Theory of Social Value: Essays in Honor of Marc R. Tool

Essays in Honor of Marc R. Tool

  • Book
  • © 1995

Overview

Editors:
  1. Charles Michael Andres Clark

    1. St. John’s University, Jamaica, USA

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Table of contents (15 chapters)

  1. Front Matter

    Pages i-ix
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  2. Marc R. Tool’s Contributions to Institutional Economics

    • Paul D. Bush
    Pages 1-28

  3. From Natural Value to Social Value

    • Charles M. A. Clark
    Pages 29-42

  4. Institutionalism and Value Theory: An Identity Crisis?

    • Gladys Parker Foster
    Pages 43-57

  5. The Urgency of Social Value Theory in Postmodern Capitalism

    • Doug Brown
    Pages 59-73

  6. Pragmatism as a Normative Theory of Social Value and Economic Ethics

    • Lewis E. Hill, Roger M. Troub
    Pages 75-84

  7. Efficiency Versus Equity: A False Dichotomy?

    • Glen Atkinson
    Pages 85-95

  8. The Instrumental Value Principle and its Role

    • Warren J. Samuels
    Pages 97-112

  9. The Instrumental Efficiency of Social Value Theory

    • Edythe S. Miller
    Pages 113-127

  10. Instrumental Valuation in a Democratic Society

    • Philip A. Klein
    Pages 129-151

  11. Compulsive Shift or Cultural Blind Drift? Literary Theory, Critical Rhetoric, Feminist Theory and Institutional Economics

    • William Waller
    Pages 153-178

  12. Structural Change and the Compulsive Shift to Institutional Analysis

    • Charles J. Whalen
    Pages 179-194

  13. Beyond Technology to Democracy: The Tool Legacy in Instrumentalism

    • William M. Dugger
    Pages 195-207

  14. Marc Tool’s Social Value Theory and the Family

    • Jacqueline B. Stanfield, J. R. Stanfield
    Pages 209-219

  15. Market Failure and Regulatory Reform: Energy and Telecommunication Networks as a Case Study

    • Harry M. Trebing
    Pages 221-240

  16. Thorstein Veblen: Science, Revolution and the Persistence of Atavistic Continuities

    • Rick Tilman
    Pages 241-248

  17. Back Matter

    Pages 249-281
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Keywords

About this book

Marc R. Tool, both through his writings and his editorship of the Journal of Economic Issues, has had a profound influence on institutional economics. Tool's efforts, in his own words, "has been to keep values on the agenda of economic inquiry," which is another way of saying "keep economic inquiry relevant. " Tool's work on the theory of social value and instrumental valuation has helped to keep institutional economics focused on the core economic and social issues facing society, providing both a perspective from which to analyze the economy and a criteria for evaluating outcomes. This collection of essays is a testament to this legacy. Although these 15 chapters cover a wide and diverse range of topics, it is the common themes which are most striking: the inescapable necessity of values in economic discourse; the central role of valuation in economic activity; and most importantly, the requirement of democratic participation to achieve "efficient" solutions to the economic problem. These essays are offered to honor a body of work, a set of ideas, but mostly a man who, by directing economic inquiry to these core issues, has promoted "the continuity of human life and the noninvidious recreation of community through the instrumental use of knowledge.

Editors and Affiliations

  • St. John’s University, Jamaica, USA

    Charles Michael Andres Clark

Bibliographic Information

  • Book Title: Institutional Economics and the Theory of Social Value: Essays in Honor of Marc R. Tool

  • Book Subtitle: Essays in Honor of Marc R. Tool

  • Editors: Charles Michael Andres Clark

  • DOI: https://doi.org/10.1007/978-94-011-0655-9

  • Publisher: Springer Dordrecht

  • eBook Packages: Springer Book Archive

  • Copyright Information: Kluwer Academic Publishers 1995

  • Hardcover ISBN: 978-0-7923-9606-2Published: 31 July 1995

  • Softcover ISBN: 978-94-010-4286-4Published: 27 September 2012

  • eBook ISBN: 978-94-011-0655-9Published: 06 December 2012

  • Edition Number: 1

  • Number of Pages: IX, 281

  • Topics: History of Economic Thought/Methodology, Political Economy/Economic Systems

  • Industry Sectors: Finance, Business & Banking

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