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

Institutional Economics

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

Edited by John R. Commons


686 pages

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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:
BUSINESS & ECONOMICS / Economics / General
POLITICAL SCIENCE / Public Policy / Economic Policy