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Circular Cumulative Causation (CCC) à la Myrdal and Kapp — Political Institutionalism for Minimizing Social Costs

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  • Sebastian Berger

Abstract

This paper reconstructs the CCC from the writings of Myrdal and Kapp to explore the unique characteristics of this key concept of institutional economics. Moreover, the paper demonstrates the CCC’s application to minimize social costs and its implications for Political Institutionalism. Incorporating new unpublished material from the Kapp Archive, namely the Myrdal-Kapp correspondence and Kapp’s CCC lecture notes, the paper provides insights about the cooperation between the two economists and about Kapp’s conceptual understanding of CCC. In addition, important differences to Veblen’s CCV and Kaldor’s CCK are pointed out to underline the CCC’s uniqueness and its significance for institutional economics.

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  • Sebastian Berger, 2008. "Circular Cumulative Causation (CCC) à la Myrdal and Kapp — Political Institutionalism for Minimizing Social Costs," Journal of Economic Issues, Taylor & Francis Journals, vol. 42(2), pages 357-365, June.
    • Handle: RePEc:mes:jeciss:v:42:y:2008:i:2:p:357-365
    DOI: 10.1080/00213624.2008.11507144
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    Cited by:

    1. Valentinov, Vladislav, 2012. "Understanding the rural third sector: insights from Veblen and Bogdanov," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 41(1/2), pages 177-188.
    2. O'Hara, Phillip Anthony, 2009. "Political economy of climate change, ecological destruction and uneven development," Ecological Economics, Elsevier, vol. 69(2), pages 223-234, December.
    3. Alex Sander Souza do Carmo & Augusta Pelinski Raiher & Alysson Luiz Stege, 2016. "Spatial concentration of Brazilian exports of manufactured products: a microregional analysis considering technological levels [Spatial concentration of Brazilian exports of manufactured products: a m," Nova Economia, Economics Department, Universidade Federal de Minas Gerais (Brazil), vol. 26(3), pages 747-774, September.
    4. Tuuli Hirvilammi, 2020. "The Virtuous Circle of Sustainable Welfare as a Transformative Policy Idea," Sustainability, MDPI, vol. 12(1), pages 1-15, January.
    5. Leitch, Aletta & Haley, Brendan & Hastings-Simon, Sara, 2019. "Can the oil and gas sector enable geothermal technologies? Socio-technical opportunities and complementarity failures in Alberta, Canada," Energy Policy, Elsevier, vol. 125(C), pages 384-395.
    6. Joseph E. Pluta, 2010. "Evolutionary Alternatives to Equilibrium Economics," American Journal of Economics and Sociology, Wiley Blackwell, vol. 69(4), pages 1155-1177, October.
    7. Vassilis Monastiriotis, 2011. "Regional Growth Dynamics in Central and Eastern Europe," LEQS – LSE 'Europe in Question' Discussion Paper Series 33, European Institute, LSE.
    8. Altug Yalcintas, 2013. "The Problem of Epistemic Cost: Why Do Economists Not Change Their Minds (About the “Coase Theorem”)?," American Journal of Economics and Sociology, Wiley Blackwell, vol. 72(5), pages 1131-1157, November.

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