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Routledge Institutional Economics Volume 2 - Political Economy History

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Description
Institutional Economics: Its Place in Political Economy, Volume 2 explores foundational concepts in economic theory through John R. Commons' pragmatist approach. This scholarly work examines critical methodological issues that shape how economists understand markets and human behaviour. The book challenges conventional assumptions of harmonious interests by emphasising the roles of scarcity and conflict in economic systems. Rather than treating individuals as isolated agents driven solely by pleasure and pain, the author demonstrates how custom and common law function as essential frameworks for economic organisation. By integrating legal and historical perspectives with economic analysis, this volume provides readers with a comprehensive understanding of how institutions shape economic outcomes. Ideal for students, economists, and historians seeking deeper insight into the intellectual foundations of institutional economics and its critique of neoclassical theory.

Key Features

Explores John R. Commons' pragmatist methodology and its application to institutional economics and economic theory.

Examines the interplay between scarcity and conflict in economic systems rather than assuming universal harmony of interests.

Analyses the critical roles of custom and common law in shaping economic behaviour and institutions.

Provides a comprehensive critique of individualistic economic assumptions that neglect social and legal frameworks.

Published by Routledge, a leading academic publisher specialising in economics, business and social science texts.

Product Specifications
Brand
Routledge
Format
hardcover
ASIN
1138526142
Category
Books > Subjects > Business, Finance & Law > Biographies & Histories > Business & Economic History
Domain
Amazon UK
Release Date
06 October 2017
Listed Since
08 December 2017

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