Law and economic order in John R.Commons thought

Vol. 33 No. 2 (2013)

Apr-Jun / 2013
Published April 1, 2013
PDF-Portuguese (Português (Brasil))
PDF-Portuguese (Português (Brasil))

How to Cite

Guedes, Sebastião. 2013. “Law and Economic Order in John R.Commons Thought”. Brazilian Journal of Political Economy 33 (2):281-97. https://centrodeeconomiapolitica.org.br/repojs/index.php/journal/article/view/312.
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Law and economic order in John R.Commons thought

Sebastião Guedes
Professor Doutor do Departamento de Economia da Universidade Estadual Paulista “Júlio de Mesquita Filho” (Unesp/Araraquara).
Brazilian Journal of Political Economy, Vol. 33 No. 2 (2013), Apr-Jun / 2013, Pages 281-297

Abstract

The paper has analyzed the John R. Commons' contribution to the comprehension of the Law and Economics relationship. In contrast to the orthodox economics, Commons has shown that the capitalist economic order emerges and function regulated by laws and institutions. This approaches made possible to him to understand the nature of the modern capitalist wealth and the problems that time introduce in the economic transactions.

JEL Classification: B15; B31.


Keywords: institutional economics law and economics regulated order