Institutional Economics
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Product details
- ISBN 9780887387975
- Weight: 952g
- Dimensions: 152 x 229mm
- Publication Date: 30 Jan 1989
- Publisher: Taylor & Francis Inc
- Publication City/Country: GB
- Product Form: Paperback
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.
