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Institutional Economics: Its Place in Political Economy, Two Volume Set

Institutional Economics: Its Place in Political Economy, Two Volume Set

ISBN: 9780887388323
Publisher: Routledge
Publication Date: 1989-02-01
Number of pages: 800
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$999.00

Commons opened Institutional Economics by declaring: "My point of view is based on my participation in collective activities, from which I here derive a theory of the part played by collective action in control of individual action." This sentence well summarizes the three key elements of this book--its theoretical intent, the importance Commons gave to his own experience in institutional reform in shaping these ideas, and the focus on the concept of the institution as a collective constraint on individual action.

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