Radical institutionalism, though not as developed as its cousin, Marxism, is also a profoundly critical theory of industrial capitalism. Radical institutionalism is based on the works of Thorstein Veblen and, to a much lesser extent, on the works of John R. Commons. Central concepts of radical...

As this comprehensive Companion demonstrates, social economics is a dynamic and growing field that emphasizes the key role that values play in the economy and in economic life. Social economics treats the economy and economics as being embedded in the larger web of social and ethical...

The purpose of this article is to explain why economists have neglected the corporation in their theorising. Adam Smith is the founder of mainstream economic theory. In Smith's eighteenth‐century world most things were produced by individuals or by family firms. Smith naturally took the...

Human liberation requires an affluent, egalitarian, and democratic society in which man is free from domination by nature's caprice and, in all spheres of life, free from domination by other men. The industrial revolution and technological advances of the eighteenth and nineteenth centuries held...