Social structure of accumulation (SSA) theory suggests that economic growth in capitalist countries is characterized by lengthy periods of relatively vigorous growth, often amounting to several decades, followed by lengthy periods of relatively sluggish growth or stagnation. The periods of...

This article summarizes some unorthodox aspects of the institutional approach to the markets as social structures (institutions). Demonstrated is the possibility to extend the new institutional analysis, based on the concepts of formal and informal rules, property rights, transaction costs,...

The notion of plan coordination enjoys a central place in the analysis of institutions and competitive market processes. The conventional wisdom is that institutions and policies vary in the extent to which they promote competition and how quickly and completely they bring individuals’ plans...

The individual, economic agent has antecedents and consequences that shape her perceptions of the world, in other words, form the individual’s mental models. Furthermore, the individual is a totality of mental models, which shape perception and influence the selection of relevant models...

This article pays homage to E. K. Hunt who was a founding member of URPE who helped build chapters on several campuses in western states. Much of the author’s own research work over the past forty years was an attempt to strengthen criticisms Hunt voiced long ago about markets and blind...