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Acknowledgments Introduction PART Ⅰ Institution 1. Theory of transactions: the base of transaction economics of John R. Commons 2. Theory of going concern: organization and institution PART Ⅱ Basis of cumulative causation: markets and business organizations 3. Pricing theory: pricing by scarcity, abundance, and stabilization 4. Business cycle theory: expectations and cumulative causation PART Ⅲ Stabilization policy 5. Futurity and monetary policy: money and credit management 6. Labor theory and labor policy: labor problems and social security PART Ⅳ Reasonable capitalism 7. Theory of reasonable value: rationing transactions and institutional adjustment 8. Commons’ transaction economics and new institutional economics: markets, organizations, and state Conclusion |