The Dark Places of Business Enterprise

"""The strength of institutional economics is its ability to show how industries profit by shifting costs to society. These social costs of capitalism create the crises of today and should be front and centre in every debate."" – Sebastian Berger, University of the West of England (UWE Bristol), UK ""This non-conformist book should invigorate the debate on the dark places of the pecuniary institutions – business enterprise and the market. Such central research topic has not yet received the critical attention it deserves. While also offering a comprehensive overview of neoclassical and neoliberal attempts to explain market failures, the book proposes a renewed knowledge-based institutional theory of social costs built upon the converging contributions of Veblen, Kapp and Mirowski. Its stimulating approach is perfectly timed to trigger a broad reorganization of the institutionalist research agenda after the digital revolution."" – Michele Cangiani, Università Ca’ Foscari, Venezia, Italy ""If you are dissatisfied with the prevailing explanations of the origins and manifestations of economic power in contemporary capitalism, this is your book. Drawing mainly on the classical works of Veblen and Kapp, the two authors offer precious food for thought even to those who do not fully agree with all their statements."" – Maurizio Franzini, Sapienza, University of Rome, Italy"