Abstract

O'Hara (economics, Curtin U. of Technology, Australia) uses an institutional-evolutionary approach to analyze economic problems associated with developments in capitalism during the second half of the 20th century. Arguing that economics should center on institutions as the durable fabric of the economy over time, he traces the lineages of institutional themes and considers feminist, post-Keynesian, holistic-economic, and Schumpeterian perspectives. He then explores the nature of institutions in the growth and instability of capitalism with reference to social structures of accumulation. He concludes that the evolution of modern capitalism is likely to remain unstable. Annotation copyrighted by Book News Inc., Portland, OR.