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Routledge Institutional Economics Its Place In Political Economy Volume Size 1 09781138526150

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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. | Institutional Economics Its Place in Political Economy Volume 1

Routledge Institutional Economics Its Place In Political Economy Volume Size 1 09781138526150

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. | Institutional Economics Its Place in Political Economy Volume 1

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