Titlebook: Institutional Economics and the Theory of Social Value: Essays in Honor of Marc R. Tool; Essays in Honor of M Charles Michael Andres Clark

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Efficiency Versus Equity: A False Dichotomy?,forces have been the problems and situations facing people trying to improve their material circumstances. The world-wide depression of the 1930s was the event that broke “the pervasive grip of the Marshallian/Hicksianorthodoxy on the minds and hearts of an increasing number of economists and policy

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Instrumental Valuation in a Democratic Society,orts which have been made to delineate the instrumental theory of value, and despite a common core of views toward instrumental valuation which are not really in dispute, the subject in many ways remains unclear and even controversial. This is particularly true if one attempts to push the implicatio

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Compulsive Shift or Cultural Blind Drift? Literary Theory, Critical Rhetoric, Feminist Theory and Idress to the Association for Institutional Thought where he argued that a compulsive shift towards institutional analysis was underway. He argued that the reactionary counter revolution going on at that time would not overtake this tendency (Tool 1986, p. 181-202). I think it is relatively safe to s

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Beyond Technology to Democracy: The Tool Legacy in Instrumentalism,r, Tool has picked up where Ayres left off and has moved instrumentalism beyond the Ayresian foundation. In particular, the Ayresian formulation of instrumentalism was made without the insights gained from the 1960s; while Tool’s contributions were made in full recognition of what the turbulent 1960

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Market Failure and Regulatory Reform: Energy and Telecommunication Networks as a Case Study,rounds that the provision of necessary services for all sectors of society at just and reasonable rates requires control of the firm’s ability to set exploitative prices and restrict or denigrate basic service. Proponents of deregulation argue that such regulatory intervention constitutes a barrier

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