Institutional economics : its place in political economy

by John R. Commons

Paperback, 1959

Call number



Madison, WI: University of Wisconsin Press, originally published 1934 by the Macmillan Company


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.



Physical description

23 cm


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