Economics Social Institutions

Insights from the Conferences on Analysis & Ideology

  • Karl Brunner

Part of the Rochester Studies in Economics and Policy Issues book series (RSEP, volume 1)

Table of contents

  1. Front Matter
    Pages i-viii
  2. Hans Albert
    Pages 1-27
  3. Karl Brunner
    Pages 29-39
  4. Gérard Gäfgen
    Pages 79-104
  5. Hans G. Monissen
    Pages 105-129
  6. Svetozar Pejovich
    Pages 131-161
  7. Michael C. Jensen, William H. Meckling
    Pages 163-231
  8. Harold Demsetz
    Pages 255-265
  9. Michael C. Jensen
    Pages 267-287

About this book


The productive work of widely distributed academic research has contributed substantially, over the postwar period, to important advances in our understanding. It has also offered a clearer recognition of many unresolved problems. Never­ theless, the progress achieved over the last decades, ex­ hibited by the systematic application of "theory" to actual issues and observable problems, could not overcome a per­ vasive sense of dissatisfaction. Some academic endeavors pursued within a traditional range of economic analysis have appeared increasingly remote from broad social issues, motivating the social and intellectual unrest experienced in recent years. Conditioned by the traditional use of economic analysis, many have naturally concluded that the "most relevant" social issues agitating our times are beyond the reach of economics. Purist advocates of a traditional view thus condemn any extension of economic analysis to social issues as an escape into "ideology". Others argue the need for an "interdisciplinary approach" involving sociology, social psychology, or anthropology as necessary strands in a useful understanding of social, institutional, and human problems of contemporary societies. We note here, in par­ ticular, the subtle attraction inherent in Marxian thought. It appears to offer a unified approach, with a coherent inter­ pretation, to all matters and aspects of human society, in­ cluding even nature.


Marx development development economics economics economy efficiency institutions political economy research science and technology social psychology theory of the firm trust

Editors and affiliations

  • Karl Brunner
    • 1
    • 2
  1. 1.Center for Research in Government Policy and Business, Graduate School of ManagementUniversity of RochesterUSA
  2. 2.Universität BernSwitzerland

Bibliographic information

  • DOI
  • Copyright Information Springer Science+Business Media B.V. 1979
  • Publisher Name Springer, Dordrecht
  • eBook Packages Springer Book Archive
  • Print ISBN 978-94-009-9259-7
  • Online ISBN 978-94-009-9257-3
  • Series Print ISSN 0924-6002
  • Buy this book on publisher's site