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Institutional Economics: Its Place in Political Economy, Volume 1
Hardcover
EconomicsGeneral Political Science
ISBN13: 9781138526150
Publisher: Routledge
Published: Oct 6 2017
Pages: 686
Weight: 2.38
Height: 1.44 Width: 6.00 Depth: 9.00
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.
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