ABSTRACT

This chapter reconstructs the CCC from the writings of Myrdal and Kapp to explore the unique characteristics of this key concept of institutional economics. Moreover, it demonstrates the CCC’s implications for political institutionalism. Incorporating new unpublished material from the Kapp Archive, namely the Myrdal-Kapp correspondence and Kapp’s CCC lecture notes, I provide insights about the cooperation between the two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.