The making of the institutional theory of social costs: Discovering the K. W. Kapp and J. M. Clark Correspondence

Berger, Sebastian

Abstract

This article reconstructs the making of the often "overlooked" institutional theory of social costs based on the unexploited correspondence between John Maurice Clark and Karl William Kapp. The reconstruction demonstrates that the institutional argument on social costs was developed as a critique of neoclassical economics and of post-WWII neoliberalism. © 2013 American Journal of Economics and Sociology, Inc.

• Journal Article Type: Article
• Publication Date: Nov 1, 2013
• Publicly Available Date: Jun 7, 2019
• Journal: American Journal of Economics and Sociology
• Print ISSN: 0002-9246
• Electronic ISSN: 1536-7150
• Publisher: Wiley
• Peer Reviewed: Peer Reviewed
• Volume: 72
• Issue: 5
• Pages: 1106-1130
• DOI: https://doi.org/10.1111/ajes.12040
• Keywords: social costs, KW Kapp, JM Clark, institutional economics
• Public URL: https://uwe-repository.worktribe.com/output/926193
• Publisher URL: http://dx.doi.org/10.1111/ajes.12040