The “Middle Way” of John R. Commons: Pursuing Reasonable Value in the Age of Unreason

Charles J. Whalen

Journal of Economic Issues, 2020, vol. 54, issue 4, 1161-1173

Abstract: John R. Commons sought to orient the U.S. economy in the direction of reasonable value as a way to “save capitalism by making it good.” In particular, he offered two paths to that “middle way” between the socio‐political extremes of fascism and communism: judicial sovereignty and collective democracy. This policy note considers a variety of present‐day challenges to pursuit of those paths; some possible ways forward are also suggested.

Date: 2020
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://hdl.handle.net/10.1080/00213624.2020.1835130 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:mes:jeciss:v:54:y:2020:i:4:p:1161-1173

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/MJEI20

DOI: 10.1080/00213624.2020.1835130

Access Statistics for this article

More articles in Journal of Economic Issues from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().