Institutional Economics: Its Place in Political Economy, Volume 1

by John Rogers Commons (Editor)

Commons opened Institutional Economics by "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.

Genres: Economics

686 pages, Hardcover

First published January 1, 1989

About the author

John Rogers Commons was an American institutional economist, Georgist, progressive and labor historian at the University of Wisconsin–Madison.
https://en.wikipedia.org/wiki/John_R....