LQD : Towards an Institutionalist Political Economy - a Manifesto | 20 comments (20 topical, editorial, 0 hidden)

Re: LQD : Towards an Institutionalist Political Ec (4.00 / 3)

That's why I'm trying to make some noise about those MAUSS people ; they say interesting and important things. As long as Friedmanism is taken as gospel, the left will have an uphill battle. If heterodox economists can't get a hearing here, where will they?

Un roi sans divertissement est un homme plein de misères

by linca (antonin POINT lucas AROBASE gmail.com) on Mon Dec 17th, 2007 at 04:29:31 PM EST
[ Parent ]

Re: LQD : Towards an Institutionalist Political Ec (4.00 / 3)

did you check out my essays on Veblen?

I thought I got a fair hearing on this site. But yes, there MUST be an answer to the insanity of Friedman.

"Remember the I35W bridge--who needs terrorists when there are Republicans"

by techno (reply@elegant-technology.com) on Mon Dec 17th, 2007 at 06:03:40 PM EST
[ Parent ]

Re: LQD : Towards an Institutionalist Political Ec (4.00 / 2)

Yes, I did read them. They were very good. (And to think that the Theory of the Leisure Class was only translated to French in 1970, and is quite hard to find...)

About the hearing, I meant that the basic reaction is still to go to standard economics and eventually criticise it, rather than to try and build upon non-standard economics, although there are exceptions. (And I'm more guilty than most).

I just bought this book which is closely linked to the topic of this diary (link to English abstracts ), and may do a diary on the interesting bits...

Un roi sans divertissement est un homme plein de misères

by linca (antonin POINT lucas AROBASE gmail.com) on Mon Dec 17th, 2007 at 08:42:01 PM EST
[ Parent ]

Re: LQD : Towards an Institutionalist Political Ec (4.00 / 3)

Some (most? all?) of Veblen is available for free but in English at Munseys.

They have his books written while at the University of Chicago: "Theory of the Leisure Class" and "Theory of Business Enterprise."

She believed in nothing; only her skepticism kept her from being an atheist. -- Jean-Paul Sartre

by ATinNM on Tue Dec 18th, 2007 at 12:44:20 AM EST
[ Parent ]

Re: LQD : Towards an Institutionalist Political Ec (4.00 / 4)

A French translation of TOLC would be, I would imagine, a VERY difficult book to read. Further, the French were really not so much in need of an Industrial Class economic theory as some others--they already had their dirigisme.

By contrast, I once heard a Japanese professor present a paper on Veblen in Japan. All of Veblen's major works had been translated and there had been several hundred books and scholarly papers since then. It could be argued that the Japanese took Veblen more seriously than any other group.

The paper
http://elegant-technology.com/TVjapI.html

The Bibliography
http://elegant-technology.com/TVjapIN.html

Here's to your great success in understanding and promoting heterodox economics, Institutionalism, and Institutional Analysis.

"Remember the I35W bridge--who needs terrorists when there are Republicans"

by techno (reply@elegant-technology.com) on Tue Dec 18th, 2007 at 02:45:23 AM EST
[ Parent ]

Re: LQD : Towards an Institutionalist Political Ec (4.00 / 3)

The Japanese certainly seem to have the knack of coordinating government and private action effectively, although sometimes the ends seem a bit dubious.

The Japanese wanted to build an automotive industry, which means they needed people to buy new cars. So the government puts together safety regulations that strongly encourage people to buy new cars every 3 or 6 years. So, people buy new cars all the time. Problem solved!

Some of the problems may be attributable to the rather tenuous state of Japanese democracy (single party rule for 50 years), allowing cooperation to fester into corruption, but they're still there.

by Zwackus on Tue Dec 25th, 2007 at 11:39:02 PM EST
[ Parent ]

LQD : Towards an Institutionalist Political Economy - a Manifesto | 20 comments (20 topical, 0 editorial, 0 hidden)

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