Institutional Economics
Its Place in Political Economy, Volume 1
Nonfiction, Social & Cultural Studies, Political Science, Politics, Economic Policy, Business & Finance, Economics
| Author: | ISBN: | 9781351512312 | |
| Publisher: | Taylor and Francis | Publication: | April 20, 2018 |
| Imprint: | Routledge | Language: | English |
| Author: | |
| ISBN: | 9781351512312 |
| Publisher: | Taylor and Francis |
| Publication: | April 20, 2018 |
| Imprint: | Routledge |
| Language: | English |
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.
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.
