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Value Theory and Economic Progress the Institutional Economics of J. Fagg Foster

by Marc R. Tool

  • ISBN: 9780792378303
  • ISBN10: 079237830X

Value Theory and Economic Progress the Institutional Economics of J. Fagg Foster

by Marc R. Tool

  • List Price: $209.00
  • Binding: Hardcover
  • Publisher: Kluwer Academic Pub
  • Publish date: 05/01/2000
  • ISBN: 9780792378303
  • ISBN10: 079237830X
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Description: Because little of Foster's scholarly work was formally published, professional knowledge of his extraordinary contribution is quite limited beyond the circle of his students and colleagues. Value Theory and Economic Progress attempts to correct that deficiency by providing an extended characterization of this missing and crucial component of the development of American heterodox economic thought. Its purpose is to demonstrate the timely relevance and significance of this model of inquiry in political economy. In addition, this volume explains that contemporary problem solving means changing 'what is' into 'what ought to be' through institutional adjustments; such a demonstration is at the heart of Foster's contribution to institutional thought.
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