This paper constructs an equilibrium model of the supply behavior of an industry comprised of utility maximizing owner-operators, and derives its implications for empirical work. Except for the case of long-run constant costs, the perverse results for the firm (a backwar d-bending labor supply...

1999 is the 100th year anniversary of the publication of Veblen’s The Theory of the Leisure Class. This volume commemorates and celebrates Veblen’s seminal contribution to the analysis of consumerist capitalism and assesses the book’s relevance to the twenty-first century.

The Economic Status of Women under Capitalism shows how institutional economics can be used to analyze the economic oppression of women and to promote progressive social and economic change.