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Routledge Institutional Economics: Its Place in Political Economy

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Description

Explore the fundamental foundations of economic theory with Institutional Economics: Its Place in Political Economy, Volume 2. Published by Routledge, this volume offers a deep look into the mechanics of political economy through a unique lens. Readers will examine the practical application of John R. Commons' pragmatism and how his methodology shapes economic thought. Unlike traditional models that assume a harmony of interest, this work addresses the realities of scarcity and conflict within economic systems. This text shifts the focus from individual pleasures and pains to the significant role played by custom and common law. It is an essential resource for those studying business and economic history, providing a clear perspective on how institutional structures influence economic behavior and social outcomes. Whether you are a student or a professional, this volume provides necessary insights into the evolution of institutional economic thought.

Key Features

Examines the pragmatic methodology of John R. Commons to understand practical economic applications.

Analyzes the roles of scarcity and conflict within economic systems rather than assuming harmony.

Explores the importance of custom and common law in shaping economic structures.

Provides a detailed look at the relationship between institutional frameworks and political economy.

Offers academic depth for students and researchers in business and economic history.

Product Specifications

Format
hardcover
Domain
Amazon UK
Release Date
06 October 2017
Listed Since
08 December 2017

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