The unexplored influences of modern physics on John R. Commons’ economic theory

ABSTRACT Previous works of John R. Commons’ interpreters have emphasized the influence of numerous theoretical-methodological references (e.g., pragmatism, evolutionism, etc.) in shaping his economic thought. However, almost no mention is made of the influence of particle and relativity physics, whi...

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Bibliographic Details
Main Authors: SEBASTIÃO NETO RIBEIRO GUEDES, RODRIGO CONSTANTINO JERÔNIMO
Format: Article
Language:English
Published: Editora 34 2021-03-01
Series:Brazilian Journal of Political Economy
Subjects:
Online Access:http://www.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572021000200333&tlng=en
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Summary:ABSTRACT Previous works of John R. Commons’ interpreters have emphasized the influence of numerous theoretical-methodological references (e.g., pragmatism, evolutionism, etc.) in shaping his economic thought. However, almost no mention is made of the influence of particle and relativity physics, which, as we debate, provide sources of insights to his work. This paper explores these connections by showing that John R. Commons was not only interested in the advances of that science but was also inspired by them to produce parallels and analogies that allowed his theory to escape the pitfalls of individualism and determinism while incorporating time and space in an innovative way in the economic discourse.
ISSN:1809-4538