What If There Are No Conventional Price Mechanisms?

Jo, Tae‐Hee

doi:10.1080/00213624.2016.1176474

Cited by 13 publications

(4 citation statements)

References 33 publications

(13 reference statements)

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“…Institutionalists describe a central planning of the business sector as well as people's agency (Munkirs and Knoedler 1987;Dean 2015;Gagnon 2015;Figart 2017;Baranes and Hake 2018;Schneider 2021). Market central planning is to be distinguished from democratic planning by the public (Dugger 1987) and the ideology of the price mechanism (see Jo 2016). The social organization of markets through administered pricing, planned obsolescence, differentiation, jobs and work relations, among others, is the source of power to determine markups, prices, employment, worklife, inventories, products, and their availability (Lee 1996).…”

Section: Market Central Planning Workmanship and Confronting Stratifi...mentioning

confidence: 99%

Care, Job Guarantee, and Revisiting “Socialization of Investment”: Insights from Institutional Economics

Todorova

2022

SSRN Journal

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Section: Market Central Planning Workmanship and Confronting Stratifi...mentioning

confidence: 99%

Care, Job Guarantee, and Revisiting “Socialization of Investment”: Insights from Institutional Economics

Todorova

2022

SSRN Journal

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“…For a summary of this controversy see Prasch (2007). See also Lee (1984) and Jo (2016). 16 For a more detailed discussion see Jo (2018).…”

Section: The Institutionalist Theory Of the Firm And Evolutionary Dynmentioning

confidence: 99%

Creating a Pluralist Paradigm: An Application to the Minimum Wage Debate

Schütz

2021

Journal of Economic Issues

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The article offers a pluralist route along which different theoretical approaches can be integrated into a common framework. It proposes to use causal mapping and combine it with a micro-meso-macro architecture to get well-structured descriptions of different economic theories and to provide a good foundation for integrating these theories. In order to illustrate this point and to shed some new light on a contested economic issue, the article applies this strategy to the minimum wage debate. It follows from the analysis that from a theoretical viewpoint, the effect of the minimum wage on employment is indeed ambiguous, which is perfectly in line with the existing empirical evidence.

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“…It is not the matter of modifying one or few of these core assumptions, but the matter of taking the entire framework or not. This means that an attempt to integrate ITBE with mainstream firm theories (including the new institutionalist theory) will do more harm than good for the the development of ITBE (Knoedler 1995;Jo 2016). However, it should not be inferred from the above argument that ITBE leaves nothing to be desired.…”

Section: Conclusion: a Look Aheadmentioning

confidence: 99%

The Institutionalist Theory of the Business Enterprise: Past, Present, and Future

2019

Journal of Economic Issues

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This paper examines the historical developments of the institutionalist theory of the business enterprise since early 1900s. We will examine the major contributions in order to find the theoretical characteristics of the institutionalist theory of the business enterprise vis-à-vis evolving capitalism. The paper begins with a discussion of the present state of the institutional theory, looks back on the original ideas of Veblen and Commons, and goes on to later contributions, such as Gardiner Means, John Kenneth Galbraith, William Dugger, and Alfred Eichner. The paper concludes with a discussion as to what should be done for the further development of the institutionalist theory of the business enterprise.

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What If There Are No Conventional Price Mechanisms?

Cited by 13 publications

References 33 publications

Care, Job Guarantee, and Revisiting “Socialization of Investment”: Insights from Institutional Economics

Care, Job Guarantee, and Revisiting “Socialization of Investment”: Insights from Institutional Economics

Creating a Pluralist Paradigm: An Application to the Minimum Wage Debate

The Institutionalist Theory of the Business Enterprise: Past, Present, and Future

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