Institutional Economics: Its Place in Political Economy, Two Volume Set, 1st Edition (Paperback) book cover

Institutional Economics

Its Place in Political Economy, Two Volume Set, 1st Edition

By John R. Commons

Routledge

800 pages

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Paperback: 9780887388323
pub: 1989-01-30
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Description

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.

Subject Categories

BISAC Subject Codes/Headings:
BUS069030
BUSINESS & ECONOMICS / Economics / Theory