1st Edition
Institutional Economics Its Place in Political Economy, Volume 1
Edited By John R. Commons
Copyright 1990
686 Pages
by
Routledge
686 Pages
by
Routledge
400 Pages
by
Routledge
Also available as eBook on:
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.
I: The Point of View; II: Method; III: Quesnay; IV: Hume and Peirce; V: Adam Smith; VI: Bentham Versus Blackstone; VII: Malthus; VIII: Efficiency and Scarcity; IX: Futurity
Biography
Sam Sebesta