1995 | OriginalPaper | Buchkapitel
Social Reform and Economic Policy
verfasst von : James Ronald Stanfield
Erschienen in: Economics, Power and Culture
Verlag: Palgrave Macmillan UK
Enthalten in: Professional Book Archive
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This chapter examines the principles that radical institutionalists consider to be the foundation for effective thinking on economic policy. Most prominent in this regard is instrumental value theory and the contradictory relation of invidiousness to instrumental effectiveness. Another prominent theme is the generally favorable response of radical institutionalists to the twentieth-century tendency toward increasing collective and state action to control the economic process. An interwoven theme is the necessity of fully understanding the implications of this collective movement so that the control in question can be made more democratic and more instrumentally effective.