Background
Tool, Marcus Reed was born on August 3, 1921 in Murdock, Nebraska, United States. Son of Harold Warren and Edna Mina (Goehry) Tool.
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book
Essays in Social Value Theory: A Neoinstitutionalist Contribution
(This is a tale based on the strike which took place in th...)
This is a tale based on the strike which took place in the mid-1950s at Omi Kenshi, a silk manufacturer not far from Tokyo. The events described reflect the management / labour tensions of the period and the book is a piece of social commentary on the transformation of Japanese business.
http://www.amazon.com/gp/product/0873323823/?tag=2022091-20
The Discretionary Economy: A Normative Theory of Political Economy
( The Discretionary Economy argues that we do in fact con...)
The Discretionary Economy argues that we do in fact control our own political and economic destinies. As a community, we have discretion over policies that determine whether an economic process adequately provides for the necessities of life. We also determine who participates in normative public judgments and whether decisions distinguish between what is and what ought to be. Tool argues that we must continuously organize the institutional structures through which economic and political functions in the social process are carried on. We must exercise discretion by creating and modifying institutions that coordinate our behavior. To exercise discretion effectively requires that we employ distinctively American economic, political, and philosophical theory. In this volume, the pivotal twentieth-century contributors to this encompassing theory of political economy are Thorstein Veblen, John Dewey, Clarence Ayres, and R. Fagg Foster. This volume presents, in detail, their analytical and philosophical perspective on social change. A major purpose of this volume is to compare and contrast the American tradition with the traditions of capitalism, Marxism, and fascism, demonstrating that the former can resolve compelling economic and political problems and the latter two cannot. This book explains how to identify and analyze social, economic, and political problems confronted in all communities, and how to go about framing and implementing structural adjustments in the political economy. It will be of interest to students in non-traditional courses in political economy including institutional economics, contemporary social problems, economics and social policy, methodology, and contemporary economic thought.
http://www.amazon.com/gp/product/0765806932/?tag=2022091-20
Pricing, Valuation and Systems: Essays in Neoinstitutional Economics
(This volume re-introduces American neoinstitutional econo...)
This volume re-introduces American neoinstitutional economics as an alternative to the neoclassical orthodoxy. It argues that neoinstitutionalism provides a pragmatic analysis that confirms that most prices and costs are set by empowered discretionary agents, not by impersonal free markets. Similarly, the institutional fabric of contemporary economic systems is shown to be defined by agents with power, not natural laws or "ISM" models. The author's analysis is based upon the instrumental value theory of neoinstitutionalism rather than the utility value theory of neoclassicism. It challenges the price theory "heartland" of neoclassical theory and the "market stock" approach to restructuring Eastern Europe and offers neoinstitutional alternatives.
http://www.amazon.com/gp/product/185278976X/?tag=2022091-20
Marcus Reed Tool
Edit Profileeditor author economics educator
Marcus Reed Tool, American economics educator, author, editors Recipient Outstanding Faculty award Phi Kappa Phi, California State University, 1982, Veblen-Commons award Association for Evolutionary Economics, 1988. Member Association for Evolutionary Economics (president 1992), European Association Evolutionary Political Economy, Association Institutional Thought (president 1979-1980), American Economics Association.
Education
Bachelor of Science in Commerce, University Denver, 1943. Master of Arts, 1950. Doctor of Philosophy in Economics, University Colorado, Boulder, 1953.
Career
Instructor social science University Denver, 1947—1950. Assistant professor economics University Colorado, Boulder, 1952—1953, San Diego State College, 1953—1955. Assistant professor to professor economics California State University, Sacramento, 1955—1983.
Professor emeritus, since 1984. 1st lieutenant United States Army, 1943-1946, European Theatre of Operations.
Achievements
Works
book
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Essays in Social Value Theory: A Neoinstitutionalist Contribution
(This is a tale based on the strike which took place in th...)
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Pricing, Valuation and Systems: Essays in Neoinstitutional Economics
(This volume re-introduces American neoinstitutional econo...)
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The Discretionary Economy: A Normative Theory of Political Economy
( The Discretionary Economy argues that we do in fact con...)
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Essays in Social Value Theory: A Neoinstitutionalist Contribution
Membership
Member Association for Evolutionary Economics (president 1992), European Association Evolutionary Political Economy, Association Institutional Thought (president 1979-1980), American Economics Association.
Connections
Married Lillian Mae Redington, December 12, 1943. Children: Laurence Alan, Marilyn Louise.
Education
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1943
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1953
Career
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1947 - 1950
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1952 - 1953
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1953 - 1955
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1955 - 1983
Awards
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Recipient Outstanding Faculty award, Phi Kappa Phi, California State University, 1982, Veblen-Commons award, Association for Evolutionary Economics, 1988.Recipient Outstanding Faculty award, Phi Kappa Phi, California State University, 1982, Veblen-Commons award, Association for Evolutionary Economics, 1988.