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

Tae-Hee Jo ()

MPRA Paper from University Library of Munich, Germany

Abstract: 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.

Keywords: Theory of the business enterprise; institutional economics; evolution of capitalism (search for similar items in EconPapers)
JEL-codes: B50 B52 D20 (search for similar items in EconPapers)
Date: 2018-01-22
New Economics Papers: this item is included in nep-his, nep-hme, nep-hpe and nep-pke
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Journal Article: The Institutionalist Theory of the Business Enterprise: Past, Present, and Future (2019) Downloads
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