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The Institutional Economy

Author

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  • David Reisman

Abstract

This thorough and comprehensive book examines the role that institutions play in economic life. The discussion begins with common values, shared traditions and individual habits which have their roots in the past. It goes on to consider consumer preferences, needs and wants, altruism, malevolence, intrinsic motivation, organisational memory and the social capital that is embedded in networks and communities. Its conclusion is that there is a case for a broadly-based economics which is a science of norms and standards as well as a theory of prices and costs. Culture is continuity and pattern. Precisely the same is true of supply and demand.

Individual chapters are listed in the "Chapters" tab

Suggested Citation

  • David Reisman, 2002. "The Institutional Economy," Books, Edward Elgar Publishing, number 2387.
    • Handle: RePEc:elg:eebook:2387
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    File URL: https://www.elgaronline.com/view/9781840646740.xml
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    Cited by:

    1. Reisman, David, 2004. "Richard Titmuss: welfare as good conduct," European Journal of Political Economy, Elsevier, vol. 20(3), pages 771-794, September.

    Book Chapters

    The following chapters of this book are listed in IDEAS

    More about this item

    Keywords

    Economics and Finance;

    JEL classification:

    • Z0 - Other Special Topics - - General

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