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Institutional economics

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2337:“Stockholders toil not, neither do they spin, to earn . They are beneficiaries by position only. Justification for their inheritance... can be founded only upon social grounds... that justification turns on the distribution as well as the existence of wealth. Its force exists only in direct ratio to the number of individuals who hold such wealth. Justification for the stockholder's existence thus depends on increasing distribution within the American population. Ideally the stockholder's position will be impregnable only when every American family has its fragment of that position and of the wealth by which the opportunity to develop individuality becomes fully actualized.” 2166:(1904), Veblen distinguished the motivations of industrial production for people to use things from business motivations that used, or misused, industrial infrastructure for profit, arguing that the former is often hindered because businesses pursue the latter. Output and technological advance are restricted by business practices and the creation of monopolies. Businesses protect their existing capital investments and employ excessive credit, leading to depressions and increasing military expenditure and war through business control of political power. These two books, focusing on criticism first of 62: 2266: 4148: 889: 1881: 4137: 1893: 877: 2499: 2129: 1995:). Tastes, along with expectations of the future, habits, and motivations, not only determine the nature of institutions but are limited and shaped by them. If people live and work in institutions on a regular basis, it shapes their world views. Fundamentally, this traditional institutionalism (and its modern counterpart 2313:) did not clearly mandate such rights. Berle argued that the unaccountable directors of companies were therefore apt to funnel the fruits of enterprise profits into their own pockets, as well as manage in their own interests. The ability to do this was supported by the fact that the majority of shareholders in big 2481:
and never-ending dispute about which scholars are "institutionalists" or not—and a similar confusion about what is supposed to be the core of the theory. In other words, institutional economics has become so popular because it means all things to all people, which in the end of the day is the meaning of nothing.
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Indeed, it can be argued that the term "institutionalists" was misplaced from the very beginning, since Veblen, Hamilton and Ayres were preoccupied with the evolutionary (and "objectifying") forces of technology and institutions had a secondary place within their theories. Institutions were almost a
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Critics of institutionalism have maintained that the concept of "institution" is so central for all social science that it is senseless to use it as a buzzword for a particular theoretical school. And as a consequence, the elusive meaning of the concept of "institution" has resulted in a bewildering
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Ayres was heavily influenced by the philosophy of John Dewey. Dewey and Ayres both utilized the instrumental theory of value to analyze problems and propose solutions. According to this theory, something has value if it enhances or furthers the life process of mankind. Therefore, this should become
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It can be argued that Ayres was not an "institutionalist" in any normal sense of the term, since he identified institutions with sentiments and superstition and in consequence institutions only played a kind of residual role in this theory of development which core center was that of technology.
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channels. This hierarchy is self-serving, profits are no longer the prime motivator, and even managers are not in control. Because they are the new planners, corporations detest risk, requiring steady economic and stable markets. They recruit governments to serve their interests with fiscal and
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policies. In 1967, Berle and Means issued a revised edition of their work, in which the preface added a new dimension. It was not only the separation of controllers of companies from the owners as shareholders at stake. They posed the question of what the corporate structure was really meant to
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According to Thaler and Sunstein, a person is not generally best described as an Econ, a person with mainly self-interest in mind, but rather as a Human. Institutional economics, consistent with Thaler and Sunstein, sees humans as social and part of a community, which has been extracted from
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as a historically bounded social system; other institutionalist economists disagree with Marx's definition of capitalism, instead seeing defining features such as markets, money and the private ownership of production as indeed evolving over time, but as a result of the purposive actions of
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While the goals of an affluent society and complicit government serve the irrational technostructure, public space is simultaneously impoverished. Galbraith paints the picture of stepping from penthouse villas on to unpaved streets, from landscaped gardens to unkempt public parks. In
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Ayres was under strong influence of Hegel and institutions for Ayres had the same function as "Schein" (with the connotation of deception, and illusion) for Hegel. A more appropriate name for Ayres' position would be that of a "techno-behaviorist" rather than an institutionalist.
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The vacillations of institutions are necessarily a result of the very incentives created by such institutions, and are thus endogenous. Emphatically, traditional institutionalism is in many ways a response to the current economic orthodoxy; its reintroduction in the form of
2202:(1934) was the concept that the economy is a web of relationships between people with diverging interests. There are monopolies, large corporations, labour disputes and fluctuating business cycles. They do however have an interest in resolving these disputes. 1976:. Institutional economics emphasizes a broader study of institutions and views markets as a result of the complex interaction of these various institutions (e.g. individuals, firms, states, social norms). The earlier tradition continues today as a leading 2374:
programmes to support demand for their own products. As a result, individual preferences actually reflect the preferences of entrenched corporations, a "dependence effect", and the economy as a whole is geared to irrational goals.
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administration of Franklin Delano Roosevelt. Although he wrote later, and was more developed than the earlier institutional economists, Galbraith was critical of orthodox economics throughout the late twentieth century. In
2019:, and evolution (rather than assuming stable preferences, rationality and equilibrium). It was a central part of American economics in the first part of the 20th century, including such famous but diverse economists as 2242:
with a dichotomy of "technology" and "institutions" to separate the inventive from the inherited aspects of economic structures. He claimed that technology was always one step ahead of the socio-cultural institutions.
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Commons thought that government should be the mediator between the conflicting groups. Commons himself devoted much of his time to advisory and mediation work on government boards and industrial commissions.
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statutes. This might include rights to elect and fire the management, require for regular general meetings, accounting standards, and so on. In 1930s America, the typical company laws (e.g. in
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Galbraith (1958) Chapter 2 (Although Galbraith claimed to coin the phrase 'conventional wisdom,' the phrase is used several times in a book by Thorstein Veblen that Galbraith might have read,
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In an age of big business, it is unrealistic to think only of markets of the classical kind. Big businesses set their own terms in the marketplace, and use their combined resources for
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kind of "anti-stuff"; their key concern was on technology and not on institutions. Rather than being "institutional," Veblen, Hamilton and Ayres’ position is anti-institutional.
2901: 2472:, since it is based on the fundamental premise that neoclassicists oppose: that economics cannot be separated from the political and social system within which it is embedded. 2517: 4867: 2784:
Li, Rita Yi Man and Li, Yi Lut (2013) The relationship between law and economic growth: A paradox in China Cities, Asian Social Science, Vol. 9, No. 9, pp. 19–30,
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is another hallmark of institutional economics based on what is known about psychology and cognitive science, rather than simple assumptions of economic behavior.
1491: 2295:(1932), he detailed the evolution in the contemporary economy of big business, and argued that those who controlled big firms should be better held to account. 2273:
Adolf A. Berle (1895–1971) was one of the first authors to combine legal and economic analysis, and his work stands as a founding pillar of thought in modern
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David Hamilton, "Why is Institutional economics not institutional?" The American Journal of Economics and Sociology. Vol. 21. no. 3. July 1962. pp. 309–17.
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Clarence Ayres (1891–1972) was the principal thinker of what some have called the Texas school of institutional economics. Ayres developed on the ideas of
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Lynne, G.D.; Czap, N.V.; Czap, H.V.; Burbach, M.E. (2016). "Theoretical Foundation for Empathy Conservation: Toward Avoiding the Tragedy of the Common".
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Thorstein Veblen's warnings of the tendency for wasteful consumption and the necessity of creating sound financial institutions seemed to ring true.
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Fiorito, Luca and Massimiliano Vatiero, (2011). "Beyond Legal Relations: Wesley Newcomb Hohfeld's Influence on American Institutionalism".
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Thorstein Veblen wrote in 1898 an article entitled "Why is Economics Not an Evolutionary Science?" and he became the precursor of current
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Wesley Clair Mitchell (1874–1948) was an American economist known for his empirical work on business cycles and for guiding the
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in its first decades. Mitchell's teachers included economists Thorstein Veblen and J. L. Laughlin and philosopher John Dewey.
6018: 5119: 4933: 2638: 2363:(1958), Galbraith argues voters reaching a certain material wealth begin to vote against the common good. He uses the term " 3377:
Li, Rita Yi Man (2011). "Everyday Life Application of Neo-institutional Economics: A Global Perspective", Germany, Lambert.
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on the one side and the "ceremonial" sphere of society on the other. Its name and core elements trace back to a 1919
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Keaney, Michael, (2002). "Critical Institutionalism: From American Exceptionalism to International Relevance", in
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in 1924. Since then, there has been heated debate on the role of law (a formal institution) on economic growth.
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Nicita, A., and M. Vatiero (2007). “The Contract and the Market: Towards a Broader Notion of Transaction?”.
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On the Economics of Subselves: Toward a Metaeconomics, Chp 6 Handbook of Contemporary Behavioral Economics
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The Evolution of Institutional Economics: Agency, Structure and Darwinism in American Institutionalism
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John R. Commons (1862–1945) also came from mid-Western America. Underlying his ideas, consolidated in
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were single individuals, with scant means of communication, in short, divided and conquered.
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Thorstein Veblen (1857–1929) wrote his first and most influential book while he was at the
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The Institutionalist Movement in American Economics, 1918-1947: Science and Social Control
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For the branch of economics that models the behavior of governments and institutions, see
4287: 2419:, plus disciplined salary and price controls to reduce inequality and hamper inflation. 6499: 6484: 6449: 6434: 6414: 6384: 6234: 6204: 5855: 5578: 5546: 4943: 4746: 4741: 4653: 4623: 4538: 4493: 4420: 4405: 4380: 4322: 4252: 4232: 4116: 3856: 3815: 3734: 3526: 2314: 2083: 2075: 2012: 1951: 1850: 1835: 1805: 1727: 1589: 1223: 1068: 1058: 988: 973: 968: 812: 797: 762: 747: 727: 697: 547: 517: 434: 124: 120: 3217: 6744: 6464: 6454: 6429: 6369: 6364: 6359: 6339: 6329: 6299: 6289: 6194: 6094: 6067: 5831: 5418: 5373: 5336: 5124: 5014: 4938: 4832: 4706: 4701: 4691: 4638: 4618: 4588: 4573: 4503: 4488: 4483: 4430: 4390: 4385: 4312: 4292: 4237: 4038: 3938: 3929: 3900: 3886: 3876: 3820: 3584: 3574: 3564: 3453: 3341:(2005). "Doing Institutional Analysis: Digging Deeper than Markets and Hierarchies," 3338: 3154: 2957:(2005). "Doing Institutional Analysis: Digging Deeper than Markets and Hierarchies," 2954: 2807: 2745: 2664: 2441:, an attempt was made to integrate institutionalism into more recent developments in 2367:" to refer to the orthodox ideas that underpin the resulting conservative consensus. 2103: 2095: 1840: 1712: 1672: 1544: 1208: 1108: 1088: 777: 767: 742: 682: 677: 672: 652: 642: 612: 602: 507: 410: 35: 6494: 6439: 6334: 6324: 6319: 6244: 6089: 5616: 5556: 5099: 5044: 4852: 4842: 4686: 4658: 4633: 4498: 4425: 4400: 4297: 4008: 3840: 3835: 3569: 2913: 2553:
argues that it is essential to integrate institutional and neoclassical economics.
1944: 1762: 1702: 1629: 1413: 1188: 1098: 893: 807: 752: 647: 637: 632: 557: 105: 3167:(1970). "The Structure of a Contract and the Theory of a Non-Exclusive Resource," 3350: 3149:
Sufficient Reason: Volitional Pragmatism and the Meaning of Economic Institutions
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Galbraith argues that economic decisions are planned by a private bureaucracy, a
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was highly influenced by the institutionalist approach in his major studies.
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Walton H. Hamilton (1919). "The Institutional Approach to Economic Theory,"
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the criterion to be utilized in determining the future courses of action.
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Understanding Capitalism: Critical Analysis From Karl Marx to Amartya Sen
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Hodgson, Geoffrey M. (1998). "The Approach of Institutional Economics,"
2978:(2000). "The New Institutional Economics: Taking Stock, Looking Ahead," 3950: 3849: 3761: 3032:
The Dismal Science: How Thinking Like an Economist Undermines Community
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Rutherford, Malcolm (2001). "Institutional Economics: Then and Now,"
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Galbraith, John Kenneth, (1973). "Power & the Useful Economist,"
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Malcolm, Dewey and Reese Rutherford (2008). "institutionalism, old,"
2149:(1899). In it he analyzed the motivation in capitalism for people to 2035:
as belonging to the institutionalist tradition, because he described
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Conflict & Cooperation: Institutional & Behavioral Economics
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came from a Norwegian immigrant family in rural Mid-western America.
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from the later 20th century, which integrates later developments of
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With the new developments in the economic theory of organizations,
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Veblen, Th. 1898 "Why is Economics Not an Evolutionary Science?",
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The Elgar Companion to Institutional & Evolutionary Economics
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Alternatives to Economic Orthodoxy: A Reader in Political Economy
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Lynne, G.D. (2006). "Toward a Dual Motive Metaeconomic Theory".
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Nudge: Improving Decisions About Health, Wealth, and Happiness
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Davis, John B. (2007). "The Nature of Heterodox Economics,"
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Globalization, Economic Development and the Role of the State
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Institutions, Institutional Change and Economic Performance
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The New Institutional Economics and Third World Development
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World Interdisciplinary Network for Institutional Research
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_____, “Why Is Economics Not Yet a Pluralistic Science?”,
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T. Veblen: The Beginning of Ownership av Thorstein Veblen
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T. Veblen: Why is Economics Not an Evolutionary Science?
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Some of the authors associated with this school include
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Institutional Economics: Its Place in Political Economy
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Warren J. Samuels ( 2008). "institutional economics,"
1999:) emphasizes the legal foundations of an economy (see 2709:
D.R. Scott, "Veblen not an Institutional Economist."
3232:(2001). "Can Institutions Resolve Ethnic Conflict?" 3178:
Commons, John R. (1931). "Institutional Economics,"
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has been a major theme since the publication of the
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may be too technical for most readers to understand
2415:of military production and public services such as 2896:M. Klaes (2008). "transaction costs, history of," 2878:Dean Lueck (2008). "property law, economics and," 2587:Journal of Institutional and Theoretical Economics 2352:John Kenneth Galbraith (1908–2006) worked in the 23:that studies optimal design of institutions, see 3420:Samuels, Warren J. . "institutional economics." 2153:their riches as a way of demonstrating success. 2015:). Institutional economics focuses on learning, 3414:Rutherford, Malcolm. "institutionalism, old." 2594:Evolutionary and Institutional Economics Review 3277:Recent Developments in Institutional Economics 2407:(1973) Galbraith advocates a "new socialism" ( 6611: 5515: 4975: 4178: 3511: 3226:, issue no. 43, 15 September, pp. 43–51. 3216:Post-autistic Economics Review, issue no. 40. 3072:Lynne ., G.D.; Editor, Morris Altman (2006). 1917: 913: 8: 2551:Metaeconomics Frame and Dual Interest Theory 2305:of companies, or not, by the rules found in 2916:(1998). "The New Institutional Economics," 2725:The New Palgrave: A Dictionary of Economics 2292:The Modern Corporation and Private Property 1983:"Traditional" institutionalism rejects the 6618: 6604: 6596: 5522: 5508: 5500: 5027: 4982: 4968: 4960: 4185: 4171: 4163: 3518: 3504: 3496: 3189:_____ (1931). "Institutional Economics," 3142:The Foundations of Institutional Economics 3034:. Cambridge, MA: Harvard University Press. 1924: 1910: 931: 920: 906: 40: 3076:. New York: M.E. Sharpe. pp. 99–122. 2536:Learn how and when to remove this message 2520:, without removing the technical details. 1939:focuses on understanding the role of the 3486:T. Veblen: Theory of Business Enterprise 3449:Institutional & Behavioral Economics 3397:The New Palgrave Dictionary of Economics 3234:Economic Development and Cultural Change 2898:The New Palgrave Dictionary of Economics 2881:The New Palgrave Dictionary of Economics 2769:The New Palgrave Dictionary of Economics 2301:of companies are held to account to the 2157:was another focus of Veblen's critique. 3347:Handbook of New Institutional Economics 3343:Handbook of New Institutional Economics 3019:. New Haven, MA: Yale University Press. 2963:Handbook of New Institutional Economics 2959:Handbook of New Institutional Economics 2713:. Vol. 23. No.2. June 1933. pp. 274–77. 2677: 2641:, a related school developed in Prussia 2579:with links to selected articles and to 943: 52: 4914:English historical school of economics 4868:Structure–conduct–performance paradigm 3434:Association for Evolutionary Economics 3089: 3079: 3015:Thaler., R.H.; Sunstein, C.R. (2008). 16:Economics that focuses on institutions 5145:Marxian critique of political economy 3310:Hodgson, Samuels, & Tool (1994). 2518:make it understandable to non-experts 7: 2222:National Bureau of Economic Research 6663:The Engineers and the Price System 4074:Microfoundations of macroeconomics 3345:, C. MĂ©nard and M. Shirley, eds. 2961:, C. MĂ©nard and M. Shirley, eds. 2832:The Quarterly Journal of Economics 2650:Institutionalist political economy 2576:Journal of Institutional Economics 2466:institutionalist political economy 2459:Institutionalist political economy 2453:Institutionalist political economy 1997:institutionalist political economy 1987:of institutions to simply tastes, 14: 6653:The Theory of Business Enterprise 3293:, London and New York: Routledge. 2786:https://ssrn.com/abstract=2290481 2772:, 2nd Edition, v. 4, pp. 374–81. 2468:is thus an explicit challenge to 2163:The Theory of Business Enterprise 6043:neoclassical–Keynesian synthesis 5449:History of macroeconomic thought 5274:Neoclassical–Keynesian synthesis 4147: 4146: 4135: 3361:Journal of Economic Perspectives 2497: 2404:Economics and the Public Purpose 2277:. Like Keynes, Berle was at the 2173:Through the 1920s and after the 1891: 1879: 887: 875: 60: 6643:The Theory of the Leisure Class 2744:. 19 March 2009. Archived from 2742:"AMERICAN INSTITUTIONAL SCHOOL" 2146:The Theory of the Leisure Class 2124:The Theory of the Leisure Class 2057:Legal Foundations of Capitalism 162:Concepts, theory and techniques 4934:Historical school of economics 3466:Thorstein Veblen, Bibliography 3335:, Cambridge University Press. 3266:Journal of Economic Literature 3224:Post-autistic Economics Review 3109:Review of Behavioral Economics 2980:Journal of Economic Literature 2639:Historical school of economics 1: 5979:Critique of political economy 5439:Critique of political economy 3454:American Institutional School 3374:, Cambridge University Press. 3321:, ed. Doug Dowd, Pluto Press. 3151:, Princeton University Press. 2810:. pp. 221, 228–33, 244. 2624:Democracy and economic growth 2043:A significant variant is the 2031:. Some institutionalists see 1683:Critique of political economy 1341:Critique of political economy 5347:Rational expectations theory 4878:Theory of two-level planning 4373:New institutional economists 3444:Douglass North Nobel lecture 3387:Samuels, Warren J. (2007), 3169:Journal of Law and Economics 3030:Marglin, Stephen A. (2008). 2806:(seventh ed.). London: 2711:The American Economic Review 2549:neoclassical economics. The 2279:Paris Peace Conference, 1919 1954:. Its original focus lay in 1733:Periodizations of capitalism 5444:History of economic thought 4991:Schools of economic thought 4358:Edward Lawrence Wheelwright 4019:Civil engineering economics 4004:Statistical decision theory 3644:Income elasticity of demand 3471:T. Veblen: The Leisureclass 3363:, Vol. 15, No. 3 (Summer), 3331:North, Douglass C. (1990). 3252:Journal of Economics Issues 3059:10.1016/j.socec.2005.12.019 2869:Galbraith (1958) Chapter 11 2858:The Instinct of Workmanship 2629:History of economic thought 2447:new institutional economics 2429:New institutional economics 2423:New institutional economics 2106:, but even the sociologist 2045:new institutional economics 1429:Simple commodity production 6772: 6715:Thorstein Veblen Farmstead 6117:Real business-cycle theory 5364:New neoclassical synthesis 5352:Real business-cycle theory 4853:Penalty of taking the lead 3654:Price elasticity of supply 3649:Price elasticity of demand 3639:Cross elasticity of demand 3491:Geoffrey Hodgson's website 3047:Journal of Socio-Economics 2660:Perspectives on Capitalism 2564:Journal of Economic Issues 2456: 2426: 2388:of experts who manipulate 2345: 2320:Berle served in President 2258: 2231: 2213: 2191: 2117: 1738:Perspectives on capitalism 33: 18: 6557: 4130: 3408:. "institutional traps." 3389:The Legal-Economic Nexus, 3380:Schmid, A. Allan (2004). 2328:" developing many of the 2322:Franklin Delano Roosevelt 2175:Wall Street Crash of 1929 4949:Post-Keynesian economics 4929:French historical school 4201:Institutional economists 3710:Income–consumption curve 3326:Studi e Note di Economia 3299:and Thorbjørn Knudsen, " 3259:American Economic Review 3236:, Vol. 49, No. 4), pp. 3191:American Economic Review 3180:American Economic Review 3147:Bromley, Daniel (2006). 2932:American Economic Review 2918:American Economic Review 2803:The Worldly Philosophers 2686:American Economic Review 2619:Critical juncture theory 2614:Constitutional economics 2608:Institutional economists 2411:) as the solution, with 2381:The New Industrial State 2285:terms. In his book with 2269:Adolf Augustus Berle Jr. 1969:American Economic Review 1943:process and the role of 1009:Economic interventionism 150:JEL classification codes 6751:Institutional economics 6708:Institutional economics 6683:Conspicuous consumption 5759:Industrial organization 5589:Computational economics 5474:Post-autistic economics 4924:Evolutionary psychology 4788:Conspicuous consumption 4194:Institutional economics 4044:Industrial organization 2437:, property rights, and 2200:Institutional Economics 1980:approach to economics. 1937:Institutional economics 1678:Criticism of capitalism 336:Industrial organization 193:Computational economics 5962:Modern monetary theory 5629:Experimental economics 5599:Pluralism in economics 5584:Mathematical economics 5212:Modern Monetary Theory 4919:Evolutionary economics 4761:Key concepts and ideas 4717:Donald Angus MacKenzie 4343:George W. Stocking Sr. 4263:John Kenneth Galbraith 2470:neoclassical economics 2348:John Kenneth Galbraith 2342:John Kenneth Galbraith 2339: 2270: 2182:evolutionary economics 2136: 2100:John Kenneth Galbraith 2049:neoclassical economics 1708:Exploitation of labour 1419:Primitive accumulation 188:Experimental economics 5296:Keynes–Marx synthesis 4909:Development economics 4818:Hiding hand principle 4808:Effective competition 4679:Economic sociologists 4446:Behavioral economists 4308:Wesley Clair Mitchell 4014:Engineering economics 3609:Cost–benefit analysis 2930:, reprinted in 1992, 2847:Berle (1967) p. xxiii 2567:and article-abstract 2335: 2268: 2151:conspicuously consume 2141:University of Chicago 2131: 1958:'s instinct-oriented 1886:Capitalism portal 1698:Culture of capitalism 1653:Capitalist propaganda 1409:Industrial Revolution 1399:Commercial Revolution 6722:Veblen-Commons Award 5836:Social choice theory 5594:Behavioral economics 5484:World-systems theory 5464:Mainstream economics 5404:Technocracy movement 5384:Saltwater/freshwater 4838:Market concentration 4803:Countervailing power 4609:Sendhil Mullainathan 4436:Oliver E. Williamson 4268:Walton Hale Hamilton 4213:Clarence Edwin Ayres 3831:Price discrimination 3725:Intertemporal choice 3165:Cheung, Steven N. S. 3121:10.1561/105.00000052 2976:Oliver E. Williamson 2688:, 9(1), Supplement, 2655:New institutionalism 2443:mainstream economics 2360:The Affluent Society 2275:corporate governance 2234:Clarence Edwin Ayres 2065:Behavioral economics 1993:naturalistic fallacy 1861:Right-libertarianism 1791:Classical liberalism 1758:Venture philanthropy 1394:Capitalism and Islam 1389:Age of Enlightenment 984:Capital accumulation 415:Social choice theory 29:social choice theory 6690:Conspicuous leisure 5920:American (National) 5622:Economic statistics 5469:Heterodox economics 5197:Capability approach 5073:American (National) 5055:School of Salamanca 4888:Veblenian dichotomy 4798:Conventional wisdom 4793:Conspicuous leisure 4783:Bounded rationality 4773:Administered prices 4594:Brigitte C. Madrian 4396:Steven N. S. Cheung 4278:Albert O. Hirschman 4273:Orris C. Herfindahl 4142:Business portal 4079:Operations research 3906:Substitution effect 3406:Polterovich, Victor 3305:The Montreal Review 3301:Darwin's Conjecture 3297:Geoffrey M. Hodgson 3275:_____, ed. (2003). 2645:Institutional logic 2365:conventional wisdom 2155:Conspicuous leisure 2051:into the analysis. 2017:bounded rationality 1898:Business portal 1014:Economic liberalism 1004:Competitive markets 882:Business portal 203:Operations research 183:National accounting 5105:English historical 4904:Cultural economics 4768:Accelerator effect 4584:George Loewenstein 4524:Catherine C. Eckel 4243:John Maurice Clark 4208:Werner Abelshauser 3720:Indifference curve 3688:Goods and services 3629:Economies of scope 3624:Economies of scale 3459:2009-03-19 at the 3272:(close Bookmarks). 3254:, 45 (1): 199–222. 3243:2017-07-04 at the 3092:has generic name ( 2989:2011-05-11 at the 2798:Heilbroner, Robert 2634:Economic sociology 2581:article abstracts. 2445:, under the title 2271: 2137: 1991:, and nature (see 1974:Walton H. Hamilton 1658:Capitalist realism 1049:Goods and services 1029:Fictitious capital 213:Industrial complex 208:Middle income trap 19:For the branch of 6738: 6737: 6593: 6592: 6124:New institutional 5497: 5496: 5459:Political economy 5427: 5426: 5359:New institutional 5332:Neo-Schumpeterian 5140:Marxist economics 5120:German historical 4957: 4956: 4778:Barriers to entry 4644:Robert J. Shiller 4604:Matteo Motterlini 4348:Lars PĂĄlsson Syll 4160: 4159: 4122:Political economy 3921:Supply and demand 3801:Pareto efficiency 3230:Easterly, William 3182:Vol. 21 : p 2942:Douglass C. North 2817:978-0-140-29006-6 2546: 2545: 2538: 2439:transaction costs 2397:monetary policy. 2287:Gardiner C. Means 2283:Versailles Treaty 2053:Law and economics 1934: 1933: 1753:Spontaneous order 1723:History of theory 1366:New institutional 1336:Market monetarism 1271:Economic theories 1104:Supply and demand 1039:Free price system 930: 929: 6763: 6756:Thorstein Veblen 6731: 6724: 6717: 6710: 6692: 6685: 6667: 6657: 6647: 6627:Thorstein Veblen 6620: 6613: 6606: 6597: 5797:Natural resource 5634:Economic history 5572:Mechanism design 5524: 5517: 5510: 5501: 5489:Economic systems 5028: 5010:Medieval Islamic 4984: 4977: 4970: 4961: 4863:Shortage economy 4848:Market structure 4813:Herfindahl index 4737:Laurent ThĂ©venot 4732:Richard Swedberg 4727:Lynette Spillman 4712:Mark Granovetter 4697:James S. Coleman 4669:Georg Weizsäcker 4664:Robert W. Vishny 4629:Klaus M. Schmidt 4579:Jeffrey R. Kling 4474:Douglas Bernheim 4363:Erich Zimmermann 4353:Thorstein Veblen 4333:Herbert A. Simon 4328:François Simiand 4303:Jesse W. Markham 4283:Geoffrey Hodgson 4223:Shimshon Bichler 4187: 4180: 4173: 4164: 4150: 4149: 4140: 4139: 3882:Returns to scale 3740:Market structure 3520: 3513: 3506: 3497: 3289:_____ (2004). 3200:_____ (1934 ). 3138:Kapp, K. William 3125: 3124: 3115:(3–4): 245–279. 3104: 3098: 3097: 3091: 3087: 3085: 3077: 3069: 3063: 3062: 3042: 3036: 3035: 3027: 3021: 3020: 3012: 3006: 3003: 2994: 2910: 2904: 2894: 2888: 2876: 2870: 2867: 2861: 2854: 2848: 2845: 2839: 2828: 2822: 2821: 2794: 2788: 2782: 2776: 2764: 2758: 2757: 2755: 2753: 2748:on 19 March 2009 2738: 2732: 2720: 2714: 2707: 2701: 2682: 2541: 2534: 2530: 2527: 2521: 2501: 2500: 2493: 2409:social democracy 2394:public relations 2315:public companies 2240:Thorstein Veblen 2133:Thorstein Veblen 2120:Thorstein Veblen 2114:Thorstein Veblen 2092:Shimshon Bichler 2080:Geoffrey Hodgson 2021:Thorstein Veblen 2009:Thorstein Veblen 1956:Thorstein Veblen 1926: 1919: 1912: 1896: 1895: 1884: 1883: 1688:Critique of work 1663:Capitalist state 1346:Critique of work 1229:Regulated market 1131:Economic systems 1084:Private property 1034:Financial market 1024:Entrepreneurship 1019:Economic surplus 932: 922: 915: 908: 894:Money portal 892: 891: 890: 880: 879: 376:Natural resource 168:Economic systems 64: 41: 25:mechanism design 6771: 6770: 6766: 6765: 6764: 6762: 6761: 6760: 6741: 6740: 6739: 6734: 6727: 6720: 6713: 6706: 6695: 6688: 6681: 6670: 6660: 6650: 6640: 6629: 6624: 6594: 6589: 6586:Business portal 6553: 6552: 6551: 6511: 6275:von Böhm-Bawerk 6163: 6162: 6153: 5925:Ancient thought 5903: 5902: 5896: 5887: 5886: 5885: 5638: 5603: 5567:Contract theory 5552:Decision theory 5533: 5528: 5498: 5493: 5423: 5409:Thermoeconomics 5180:21st centuries) 5179: 5177: 5171: 5059: 5019: 5005:Ancient schools 4993: 4988: 4958: 4953: 4892: 4873:Technostructure 4828:Instrumentalism 4823:Hirschman cycle 4756: 4752:Viviana Zelizer 4722:Joel M. Podolny 4673: 4599:Gary McClelland 4564:Daniel Kahneman 4559:David Ryan Just 4554:Charles A. Holt 4534:Urs Fischbacher 4519:Stephen Duneier 4509:Werner De Bondt 4440: 4367: 4318:Jonathan Nitzan 4258:Robert H. Frank 4248:John R. Commons 4228:Robert A. Brady 4196: 4191: 4161: 4156: 4134: 4126: 4093: 3972: 3614:Deadweight loss 3551:Consumer choice 3529: 3524: 3461:Wayback Machine 3430: 3370:_____ (2011). 3314:, Edward Elgar. 3307:(August, 2011). 3245:Wayback Machine 3134: 3129: 3128: 3106: 3105: 3101: 3088: 3078: 3071: 3070: 3066: 3044: 3043: 3039: 3029: 3028: 3024: 3014: 3013: 3009: 3004: 2997: 2991:Wayback Machine 2974:   • 2973: 2953:   • 2952: 2940:   • 2939: 2925: 2911: 2907: 2900:, 2nd Edition. 2895: 2891: 2884:, 2nd Edition. 2877: 2873: 2868: 2864: 2855: 2851: 2846: 2842: 2829: 2825: 2818: 2796: 2795: 2791: 2783: 2779: 2765: 2761: 2751: 2749: 2740: 2739: 2735: 2721: 2717: 2708: 2704: 2683: 2679: 2674: 2669: 2603: 2559: 2542: 2531: 2525: 2522: 2514:help improve it 2511: 2502: 2498: 2491: 2478: 2461: 2455: 2431: 2425: 2413:nationalization 2386:technostructure 2350: 2344: 2263: 2257: 2236: 2230: 2218: 2216:Wesley Mitchell 2212: 2210:Wesley Mitchell 2196: 2194:John R. Commons 2190: 2188:John R. Commons 2126: 2118:Main articles: 2116: 2108:C. Wright Mills 2098:, Anne Mayhew, 2088:Jonathan Nitzan 2072:Robert H. Frank 2061:John R. Commons 2029:John R. Commons 2025:Wesley Mitchell 2001:John R. Commons 1930: 1890: 1878: 1871: 1870: 1776: 1768: 1767: 1743:Post-capitalism 1648:Anti-capitalism 1643: 1635: 1634: 1530: 1522: 1521: 1442: 1434: 1433: 1384: 1376: 1375: 1272: 1264: 1263: 1254:State-sponsored 1132: 1124: 1123: 989:Capital markets 954: 926: 888: 886: 874: 867: 866: 837: 827: 826: 825: 824: 588:von Böhm-Bawerk 476: 465: 464: 226: 218: 217: 173:Economic growth 163: 155: 154: 96: 94:classifications 39: 32: 17: 12: 11: 5: 6769: 6767: 6759: 6758: 6753: 6743: 6742: 6736: 6735: 6733: 6732: 6725: 6718: 6711: 6703: 6701: 6697: 6696: 6694: 6693: 6686: 6678: 6676: 6672: 6671: 6669: 6668: 6658: 6648: 6637: 6635: 6631: 6630: 6625: 6623: 6622: 6615: 6608: 6600: 6591: 6590: 6588: 6583: 6578: 6573: 6568: 6563: 6558: 6555: 6554: 6550: 6549: 6544: 6534: 6529: 6523: 6522: 6521: 6519: 6513: 6512: 6510: 6509: 6502: 6497: 6492: 6487: 6482: 6477: 6472: 6467: 6462: 6457: 6452: 6447: 6442: 6437: 6432: 6427: 6422: 6417: 6412: 6407: 6402: 6397: 6392: 6387: 6382: 6377: 6372: 6367: 6362: 6357: 6352: 6347: 6342: 6337: 6332: 6327: 6322: 6317: 6312: 6307: 6302: 6297: 6292: 6287: 6282: 6277: 6272: 6267: 6262: 6257: 6252: 6247: 6242: 6237: 6232: 6227: 6222: 6217: 6212: 6207: 6202: 6197: 6192: 6187: 6182: 6177: 6172: 6166: 6164: 6158: 6155: 6154: 6152: 6151: 6146: 6141: 6136: 6131: 6126: 6121: 6120: 6119: 6109: 6108: 6107: 6097: 6092: 6087: 6086: 6085: 6075: 6070: 6065: 6064: 6063: 6062: 6061: 6051: 6046: 6031: 6026: 6021: 6016: 6011: 6006: 6001: 5996: 5991: 5989:Disequilibrium 5986: 5981: 5976: 5971: 5966: 5965: 5964: 5954: 5949: 5944: 5939: 5938: 5937: 5927: 5922: 5917: 5912: 5906: 5904: 5892: 5889: 5888: 5884: 5883: 5878: 5873: 5868: 5863: 5858: 5853: 5848: 5843: 5838: 5829: 5824: 5819: 5814: 5809: 5804: 5802:Organizational 5799: 5794: 5789: 5784: 5779: 5774: 5769: 5766: 5761: 5756: 5751: 5746: 5741: 5736: 5731: 5726: 5721: 5716: 5711: 5706: 5701: 5696: 5691: 5686: 5681: 5676: 5671: 5666: 5661: 5656: 5650: 5649: 5648: 5646: 5640: 5639: 5637: 5636: 5631: 5626: 5625: 5624: 5613: 5611: 5605: 5604: 5602: 5601: 5596: 5591: 5586: 5581: 5579:Macroeconomics 5576: 5575: 5574: 5569: 5564: 5559: 5554: 5547:Microeconomics 5543: 5541: 5535: 5534: 5529: 5527: 5526: 5519: 5512: 5504: 5495: 5494: 5492: 5491: 5486: 5481: 5476: 5471: 5466: 5461: 5456: 5451: 5446: 5441: 5435: 5433: 5429: 5428: 5425: 5424: 5422: 5421: 5416: 5411: 5406: 5401: 5396: 5391: 5386: 5381: 5376: 5371: 5369:Organizational 5366: 5361: 5356: 5355: 5354: 5349: 5339: 5334: 5329: 5324: 5319: 5317:Neo-Malthusian 5314: 5313: 5312: 5302: 5301: 5300: 5299: 5298: 5293: 5283: 5278: 5277: 5276: 5261: 5256: 5251: 5246: 5241: 5236: 5234:Disequilibrium 5231: 5226: 5224:Constitutional 5221: 5216: 5215: 5214: 5204: 5199: 5194: 5189: 5183: 5181: 5173: 5172: 5170: 5169: 5164: 5163: 5162: 5152: 5147: 5142: 5137: 5132: 5127: 5122: 5117: 5112: 5110:French liberal 5107: 5102: 5097: 5096: 5095: 5085: 5080: 5075: 5069: 5067: 5061: 5060: 5058: 5057: 5052: 5047: 5042: 5036: 5034: 5025: 5021: 5020: 5018: 5017: 5012: 5007: 5001: 4999: 4995: 4994: 4989: 4987: 4986: 4979: 4972: 4964: 4955: 4954: 4952: 4951: 4946: 4944:Microeconomics 4941: 4936: 4931: 4926: 4921: 4916: 4911: 4906: 4900: 4898: 4897:Related fields 4894: 4893: 4891: 4890: 4885: 4880: 4875: 4870: 4865: 4860: 4855: 4850: 4845: 4840: 4835: 4833:Kuznets cycles 4830: 4825: 4820: 4815: 4810: 4805: 4800: 4795: 4790: 4785: 4780: 4775: 4770: 4764: 4762: 4758: 4757: 4755: 4754: 4749: 4747:Harrison White 4744: 4742:Carlo Trigilia 4739: 4734: 4729: 4724: 4719: 4714: 4709: 4704: 4699: 4694: 4689: 4683: 4681: 4675: 4674: 4672: 4671: 4666: 4661: 4656: 4654:Richard Thaler 4651: 4646: 4641: 4636: 4631: 4626: 4624:Howard Rachlin 4621: 4616: 4614:Michael Norton 4611: 4606: 4601: 4596: 4591: 4586: 4581: 4576: 4571: 4566: 4561: 4556: 4551: 4546: 4541: 4539:Herbert Gintis 4536: 4531: 4526: 4521: 4516: 4511: 4506: 4501: 4496: 4494:David Cesarini 4491: 4486: 4481: 4476: 4471: 4466: 4461: 4456: 4454:George Ainslie 4450: 4448: 4442: 4441: 4439: 4438: 4433: 4428: 4423: 4421:Douglass North 4418: 4413: 4408: 4406:Harold Demsetz 4403: 4398: 4393: 4388: 4386:Armen Alchian 4383: 4381:Daron Acemoglu 4377: 4375: 4369: 4368: 4366: 4365: 4360: 4355: 4350: 4345: 4340: 4338:Frank Stilwell 4335: 4330: 4325: 4323:Warren Samuels 4320: 4315: 4310: 4305: 4300: 4295: 4290: 4285: 4280: 4275: 4270: 4265: 4260: 4255: 4253:Richard T. Ely 4250: 4245: 4240: 4235: 4233:Daniel Bromley 4230: 4225: 4220: 4215: 4210: 4204: 4202: 4198: 4197: 4192: 4190: 4189: 4182: 4175: 4167: 4158: 4157: 4155: 4154: 4144: 4131: 4128: 4127: 4125: 4124: 4119: 4117:Macroeconomics 4114: 4113: 4112: 4101: 4099: 4095: 4094: 4092: 4091: 4086: 4081: 4076: 4071: 4066: 4061: 4056: 4051: 4046: 4041: 4036: 4031: 4026: 4021: 4016: 4011: 4006: 4001: 3996: 3991: 3986: 3980: 3978: 3974: 3973: 3971: 3970: 3965: 3964: 3963: 3958: 3948: 3943: 3942: 3941: 3932: 3918: 3913: 3908: 3903: 3894: 3889: 3884: 3879: 3874: 3869: 3864: 3859: 3854: 3853: 3852: 3847: 3838: 3833: 3828: 3823: 3818: 3816:Price controls 3808: 3803: 3798: 3797: 3796: 3791: 3786: 3781: 3780: 3779: 3774: 3764: 3759: 3758: 3757: 3752: 3737: 3735:Market failure 3732: 3727: 3722: 3717: 3712: 3707: 3702: 3701: 3700: 3695: 3685: 3680: 3675: 3670: 3669: 3668: 3658: 3657: 3656: 3651: 3646: 3641: 3631: 3626: 3621: 3616: 3611: 3606: 3605: 3604: 3599: 3594: 3589: 3588: 3587: 3577: 3572: 3562: 3553: 3548: 3543: 3537: 3535: 3531: 3530: 3527:Microeconomics 3525: 3523: 3522: 3515: 3508: 3500: 3494: 3493: 3488: 3483: 3478: 3473: 3468: 3463: 3451: 3446: 3441: 3436: 3429: 3428:External links 3426: 3425: 3424: 3418: 3412: 3402: 3401: 3392: 3385: 3378: 3375: 3368: 3357: 3336: 3329: 3322: 3315: 3308: 3294: 3287: 3273: 3262: 3255: 3248: 3227: 3220: 3212: 3198: 3187: 3176: 3162: 3155:Chang, Ha-Joon 3152: 3145: 3133: 3130: 3127: 3126: 3099: 3064: 3053:(4): 634–651. 3037: 3022: 3007: 2995: 2920:, 88(2), pp. 2905: 2889: 2871: 2862: 2849: 2840: 2823: 2816: 2789: 2777: 2759: 2733: 2715: 2702: 2676: 2675: 2673: 2670: 2668: 2667: 2662: 2657: 2652: 2647: 2642: 2636: 2631: 2626: 2621: 2616: 2611: 2604: 2602: 2599: 2598: 2597: 2590: 2583: 2572: 2558: 2555: 2544: 2543: 2505: 2503: 2496: 2490: 2487: 2477: 2474: 2457:Main article: 2454: 2451: 2427:Main article: 2424: 2421: 2346:Main article: 2343: 2340: 2259:Main article: 2256: 2253: 2232:Main article: 2229: 2228:Clarence Ayres 2226: 2214:Main article: 2211: 2208: 2192:Main article: 2189: 2186: 2115: 2112: 2084:Daniel Bromley 2076:Warren Samuels 2013:Daniel Bromley 1932: 1931: 1929: 1928: 1921: 1914: 1906: 1903: 1902: 1901: 1900: 1888: 1873: 1872: 1869: 1868: 1863: 1858: 1853: 1851:Ordoliberalism 1848: 1843: 1838: 1833: 1828: 1823: 1818: 1813: 1808: 1803: 1798: 1793: 1788: 1783: 1777: 1774: 1773: 1770: 1769: 1766: 1765: 1760: 1755: 1750: 1745: 1740: 1735: 1730: 1728:Market economy 1725: 1720: 1715: 1710: 1705: 1700: 1695: 1690: 1685: 1680: 1675: 1670: 1665: 1660: 1655: 1650: 1644: 1642:Related topics 1641: 1640: 1637: 1636: 1633: 1632: 1627: 1622: 1617: 1612: 1607: 1602: 1597: 1592: 1587: 1582: 1577: 1572: 1567: 1562: 1557: 1552: 1547: 1542: 1537: 1531: 1528: 1527: 1524: 1523: 1520: 1519: 1514: 1512:State monopoly 1509: 1504: 1499: 1494: 1489: 1484: 1479: 1474: 1469: 1464: 1459: 1454: 1449: 1443: 1440: 1439: 1436: 1435: 1432: 1431: 1426: 1421: 1416: 1411: 1406: 1401: 1396: 1391: 1385: 1382: 1381: 1378: 1377: 1374: 1373: 1368: 1363: 1358: 1353: 1348: 1343: 1338: 1333: 1332: 1331: 1326: 1321: 1311: 1306: 1301: 1296: 1295: 1294: 1284: 1279: 1273: 1270: 1269: 1266: 1265: 1262: 1261: 1256: 1251: 1246: 1241: 1236: 1231: 1226: 1221: 1216: 1211: 1206: 1201: 1196: 1191: 1186: 1181: 1176: 1171: 1164: 1159: 1154: 1149: 1144: 1139: 1133: 1130: 1129: 1126: 1125: 1122: 1121: 1116: 1111: 1106: 1101: 1096: 1091: 1086: 1081: 1076: 1071: 1069:Liberalization 1066: 1061: 1059:Invisible hand 1056: 1051: 1046: 1041: 1036: 1031: 1026: 1021: 1016: 1011: 1006: 1001: 996: 991: 986: 981: 976: 974:Businessperson 971: 969:Business cycle 966: 961: 955: 952: 951: 948: 947: 941: 940: 928: 927: 925: 924: 917: 910: 902: 899: 898: 897: 896: 884: 869: 868: 865: 864: 859: 849: 844: 838: 833: 832: 829: 828: 823: 822: 815: 810: 805: 800: 795: 790: 785: 780: 775: 770: 765: 760: 755: 750: 745: 740: 735: 730: 725: 720: 715: 710: 705: 700: 695: 690: 685: 680: 675: 670: 665: 660: 655: 650: 645: 640: 635: 630: 625: 620: 615: 610: 605: 600: 595: 590: 585: 580: 575: 570: 565: 560: 555: 550: 545: 540: 535: 530: 525: 520: 515: 510: 505: 500: 495: 490: 485: 479: 478: 477: 471: 470: 467: 466: 463: 462: 457: 452: 447: 442: 437: 432: 427: 422: 417: 408: 403: 398: 393: 388: 383: 381:Organizational 378: 373: 368: 363: 358: 353: 348: 343: 338: 333: 328: 323: 318: 313: 308: 303: 298: 293: 288: 283: 278: 273: 268: 263: 258: 253: 248: 243: 238: 233: 227: 225:By application 224: 223: 220: 219: 216: 215: 210: 205: 200: 195: 190: 185: 180: 175: 170: 164: 161: 160: 157: 156: 153: 152: 147: 142: 137: 132: 127: 118: 113: 108: 103: 97: 91: 90: 87: 86: 85: 84: 79: 74: 66: 65: 57: 56: 50: 49: 15: 13: 10: 9: 6: 4: 3: 2: 6768: 6757: 6754: 6752: 6749: 6748: 6746: 6730: 6726: 6723: 6719: 6716: 6712: 6709: 6705: 6704: 6702: 6700:Miscellaneous 6698: 6691: 6687: 6684: 6680: 6679: 6677: 6673: 6665: 6664: 6659: 6655: 6654: 6649: 6645: 6644: 6639: 6638: 6636: 6632: 6628: 6621: 6616: 6614: 6609: 6607: 6602: 6601: 6598: 6587: 6584: 6582: 6579: 6577: 6574: 6572: 6569: 6567: 6564: 6562: 6559: 6556: 6548: 6545: 6542: 6538: 6535: 6533: 6530: 6528: 6525: 6524: 6520: 6518: 6514: 6508: 6507: 6503: 6501: 6498: 6496: 6493: 6491: 6488: 6486: 6483: 6481: 6478: 6476: 6473: 6471: 6468: 6466: 6463: 6461: 6458: 6456: 6453: 6451: 6448: 6446: 6443: 6441: 6438: 6436: 6433: 6431: 6428: 6426: 6423: 6421: 6418: 6416: 6413: 6411: 6408: 6406: 6403: 6401: 6398: 6396: 6393: 6391: 6388: 6386: 6383: 6381: 6378: 6376: 6373: 6371: 6368: 6366: 6363: 6361: 6358: 6356: 6353: 6351: 6348: 6346: 6343: 6341: 6338: 6336: 6333: 6331: 6328: 6326: 6323: 6321: 6318: 6316: 6313: 6311: 6308: 6306: 6303: 6301: 6298: 6296: 6293: 6291: 6288: 6286: 6283: 6281: 6278: 6276: 6273: 6271: 6268: 6266: 6263: 6261: 6258: 6256: 6253: 6251: 6248: 6246: 6243: 6241: 6238: 6236: 6233: 6231: 6228: 6226: 6223: 6221: 6218: 6216: 6213: 6211: 6208: 6206: 6203: 6201: 6198: 6196: 6193: 6191: 6188: 6186: 6183: 6181: 6178: 6176: 6173: 6171: 6170:de Mandeville 6168: 6167: 6165: 6161: 6156: 6150: 6147: 6145: 6142: 6140: 6137: 6135: 6132: 6130: 6127: 6125: 6122: 6118: 6115: 6114: 6113: 6112:New classical 6110: 6106: 6103: 6102: 6101: 6098: 6096: 6093: 6091: 6088: 6084: 6081: 6080: 6079: 6076: 6074: 6071: 6069: 6068:Malthusianism 6066: 6060: 6057: 6056: 6055: 6052: 6050: 6047: 6044: 6040: 6037: 6036: 6035: 6032: 6030: 6029:Institutional 6027: 6025: 6022: 6020: 6017: 6015: 6012: 6010: 6007: 6005: 6002: 6000: 5997: 5995: 5992: 5990: 5987: 5985: 5982: 5980: 5977: 5975: 5972: 5970: 5967: 5963: 5960: 5959: 5958: 5955: 5953: 5950: 5948: 5945: 5943: 5940: 5936: 5933: 5932: 5931: 5928: 5926: 5923: 5921: 5918: 5916: 5913: 5911: 5908: 5907: 5905: 5900: 5895: 5890: 5882: 5879: 5877: 5874: 5872: 5869: 5867: 5864: 5862: 5859: 5857: 5854: 5852: 5849: 5847: 5844: 5842: 5839: 5837: 5833: 5832:Public choice 5830: 5828: 5825: 5823: 5820: 5818: 5815: 5813: 5810: 5808: 5807:Participation 5805: 5803: 5800: 5798: 5795: 5793: 5790: 5788: 5785: 5783: 5780: 5778: 5775: 5773: 5770: 5768:Institutional 5767: 5765: 5762: 5760: 5757: 5755: 5752: 5750: 5747: 5745: 5742: 5740: 5737: 5735: 5732: 5730: 5727: 5725: 5722: 5720: 5719:Expeditionary 5717: 5715: 5712: 5710: 5709:Environmental 5707: 5705: 5702: 5700: 5697: 5695: 5692: 5690: 5687: 5685: 5682: 5680: 5677: 5675: 5672: 5670: 5667: 5665: 5662: 5660: 5657: 5655: 5652: 5651: 5647: 5645: 5641: 5635: 5632: 5630: 5627: 5623: 5620: 5619: 5618: 5615: 5614: 5612: 5610: 5606: 5600: 5597: 5595: 5592: 5590: 5587: 5585: 5582: 5580: 5577: 5573: 5570: 5568: 5565: 5563: 5560: 5558: 5555: 5553: 5550: 5549: 5548: 5545: 5544: 5542: 5540: 5536: 5532: 5525: 5520: 5518: 5513: 5511: 5506: 5505: 5502: 5490: 5487: 5485: 5482: 5480: 5477: 5475: 5472: 5470: 5467: 5465: 5462: 5460: 5457: 5455: 5452: 5450: 5447: 5445: 5442: 5440: 5437: 5436: 5434: 5430: 5420: 5419:Social credit 5417: 5415: 5412: 5410: 5407: 5405: 5402: 5400: 5397: 5395: 5394:Structuralist 5392: 5390: 5387: 5385: 5382: 5380: 5377: 5375: 5374:Public choice 5372: 5370: 5367: 5365: 5362: 5360: 5357: 5353: 5350: 5348: 5345: 5344: 5343: 5342:New classical 5340: 5338: 5337:Neoliberalism 5335: 5333: 5330: 5328: 5327:Neo-Ricardian 5325: 5323: 5320: 5318: 5315: 5311: 5308: 5307: 5306: 5303: 5297: 5294: 5292: 5289: 5288: 5287: 5284: 5282: 5279: 5275: 5272: 5271: 5270: 5267: 5266: 5265: 5262: 5260: 5259:Institutional 5257: 5255: 5252: 5250: 5247: 5245: 5242: 5240: 5237: 5235: 5232: 5230: 5227: 5225: 5222: 5220: 5217: 5213: 5210: 5209: 5208: 5205: 5203: 5200: 5198: 5195: 5193: 5190: 5188: 5185: 5184: 5182: 5174: 5168: 5165: 5161: 5158: 5157: 5156: 5153: 5151: 5148: 5146: 5143: 5141: 5138: 5136: 5133: 5131: 5128: 5126: 5123: 5121: 5118: 5116: 5113: 5111: 5108: 5106: 5103: 5101: 5098: 5094: 5091: 5090: 5089: 5086: 5084: 5081: 5079: 5076: 5074: 5071: 5070: 5068: 5066: 5062: 5056: 5053: 5051: 5048: 5046: 5043: 5041: 5038: 5037: 5035: 5033: 5029: 5026: 5022: 5016: 5015:Scholasticism 5013: 5011: 5008: 5006: 5003: 5002: 5000: 4996: 4992: 4985: 4980: 4978: 4973: 4971: 4966: 4965: 4962: 4950: 4947: 4945: 4942: 4940: 4939:Legal realism 4937: 4935: 4932: 4930: 4927: 4925: 4922: 4920: 4917: 4915: 4912: 4910: 4907: 4905: 4902: 4901: 4899: 4895: 4889: 4886: 4884: 4881: 4879: 4876: 4874: 4871: 4869: 4866: 4864: 4861: 4859: 4856: 4854: 4851: 4849: 4846: 4844: 4841: 4839: 4836: 4834: 4831: 4829: 4826: 4824: 4821: 4819: 4816: 4814: 4811: 4809: 4806: 4804: 4801: 4799: 4796: 4794: 4791: 4789: 4786: 4784: 4781: 4779: 4776: 4774: 4771: 4769: 4766: 4765: 4763: 4759: 4753: 4750: 4748: 4745: 4743: 4740: 4738: 4735: 4733: 4730: 4728: 4725: 4723: 4720: 4718: 4715: 4713: 4710: 4708: 4707:Paula England 4705: 4703: 4702:Paul DiMaggio 4700: 4698: 4695: 4693: 4692:Fred L. Block 4690: 4688: 4685: 4684: 4682: 4680: 4676: 4670: 4667: 4665: 4662: 4660: 4657: 4655: 4652: 4650: 4647: 4645: 4642: 4640: 4639:Hersh Shefrin 4637: 4635: 4632: 4630: 4627: 4625: 4622: 4620: 4619:Matthew Rabin 4617: 4615: 4612: 4610: 4607: 4605: 4602: 4600: 4597: 4595: 4592: 4590: 4589:Graham Loomes 4587: 4585: 4582: 4580: 4577: 4575: 4574:George Katona 4572: 4570: 4567: 4565: 4562: 4560: 4557: 4555: 4552: 4550: 4549:David Halpern 4547: 4545: 4542: 4540: 4537: 4535: 4532: 4530: 4527: 4525: 4522: 4520: 4517: 4515: 4512: 4510: 4507: 4505: 4504:Rachel Croson 4502: 4500: 4497: 4495: 4492: 4490: 4489:Colin Camerer 4487: 4485: 4484:Sarah Brosnan 4482: 4480: 4479:Samuel Bowles 4477: 4475: 4472: 4470: 4467: 4465: 4462: 4460: 4457: 4455: 4452: 4451: 4449: 4447: 4443: 4437: 4434: 4432: 4431:Elinor Ostrom 4429: 4427: 4424: 4422: 4419: 4417: 4416:Claude MĂ©nard 4414: 4412: 4409: 4407: 4404: 4402: 4399: 4397: 4394: 4392: 4391:Masahiko Aoki 4389: 4387: 4384: 4382: 4379: 4378: 4376: 4374: 4370: 4364: 4361: 4359: 4356: 4354: 4351: 4349: 4346: 4344: 4341: 4339: 4336: 4334: 4331: 4329: 4326: 4324: 4321: 4319: 4316: 4314: 4313:Gunnar Myrdal 4311: 4309: 4306: 4304: 4301: 4299: 4296: 4294: 4293:Simon Kuznets 4291: 4289: 4286: 4284: 4281: 4279: 4276: 4274: 4271: 4269: 4266: 4264: 4261: 4259: 4256: 4254: 4251: 4249: 4246: 4244: 4241: 4239: 4238:Ha-Joon Chang 4236: 4234: 4231: 4229: 4226: 4224: 4221: 4219: 4216: 4214: 4211: 4209: 4206: 4205: 4203: 4199: 4195: 4188: 4183: 4181: 4176: 4174: 4169: 4168: 4165: 4153: 4145: 4143: 4138: 4133: 4132: 4129: 4123: 4120: 4118: 4115: 4111: 4108: 4107: 4106: 4103: 4102: 4100: 4096: 4090: 4087: 4085: 4082: 4080: 4077: 4075: 4072: 4070: 4067: 4065: 4062: 4060: 4057: 4055: 4052: 4050: 4049:Institutional 4047: 4045: 4042: 4040: 4037: 4035: 4032: 4030: 4027: 4025: 4022: 4020: 4017: 4015: 4012: 4010: 4007: 4005: 4002: 4000: 3997: 3995: 3994:Computational 3992: 3990: 3987: 3985: 3982: 3981: 3979: 3975: 3969: 3966: 3962: 3959: 3957: 3954: 3953: 3952: 3949: 3947: 3944: 3940: 3939:Law of supply 3936: 3933: 3931: 3930:Law of demand 3927: 3924: 3923: 3922: 3919: 3917: 3916:Social choice 3914: 3912: 3909: 3907: 3904: 3902: 3901:Excess supply 3898: 3895: 3893: 3890: 3888: 3887:Risk aversion 3885: 3883: 3880: 3878: 3875: 3873: 3870: 3868: 3865: 3863: 3860: 3858: 3855: 3851: 3848: 3846: 3842: 3839: 3837: 3834: 3832: 3829: 3827: 3824: 3822: 3821:Price ceiling 3819: 3817: 3814: 3813: 3812: 3809: 3807: 3804: 3802: 3799: 3795: 3792: 3790: 3787: 3785: 3782: 3778: 3777:Complementary 3775: 3773: 3770: 3769: 3768: 3765: 3763: 3760: 3756: 3753: 3751: 3748: 3747: 3746: 3743: 3742: 3741: 3738: 3736: 3733: 3731: 3728: 3726: 3723: 3721: 3718: 3716: 3713: 3711: 3708: 3706: 3703: 3699: 3696: 3694: 3691: 3690: 3689: 3686: 3684: 3681: 3679: 3676: 3674: 3671: 3667: 3664: 3663: 3662: 3659: 3655: 3652: 3650: 3647: 3645: 3642: 3640: 3637: 3636: 3635: 3632: 3630: 3627: 3625: 3622: 3620: 3617: 3615: 3612: 3610: 3607: 3603: 3600: 3598: 3595: 3593: 3590: 3586: 3583: 3582: 3581: 3578: 3576: 3573: 3571: 3568: 3567: 3566: 3563: 3561: 3560:non-convexity 3557: 3554: 3552: 3549: 3547: 3544: 3542: 3539: 3538: 3536: 3532: 3528: 3521: 3516: 3514: 3509: 3507: 3502: 3501: 3498: 3492: 3489: 3487: 3484: 3482: 3479: 3477: 3474: 3472: 3469: 3467: 3464: 3462: 3458: 3455: 3452: 3450: 3447: 3445: 3442: 3440: 3437: 3435: 3432: 3431: 3427: 3423: 3419: 3417: 3413: 3411: 3407: 3404: 3403: 3399: 3398: 3393: 3390: 3386: 3383: 3379: 3376: 3373: 3369: 3366: 3362: 3358: 3355: 3352: 3348: 3344: 3340: 3339:Elinor Ostrom 3337: 3334: 3330: 3327: 3323: 3320: 3316: 3313: 3309: 3306: 3302: 3298: 3295: 3292: 3288: 3286: 3282: 3278: 3274: 3271: 3268:, 36(1), pp. 3267: 3263: 3260: 3256: 3253: 3249: 3246: 3242: 3239: 3235: 3231: 3228: 3225: 3221: 3219: 3218: 3213: 3211: 3207: 3204:, Macmillan. 3203: 3199: 3196: 3192: 3188: 3185: 3181: 3177: 3174: 3171:, 13(1), pp. 3170: 3166: 3163: 3160: 3156: 3153: 3150: 3146: 3143: 3139: 3136: 3135: 3131: 3122: 3118: 3114: 3110: 3103: 3100: 3095: 3083: 3075: 3068: 3065: 3060: 3056: 3052: 3048: 3041: 3038: 3033: 3026: 3023: 3018: 3011: 3008: 3002: 3000: 2996: 2992: 2988: 2985: 2982:, 38(3), pp. 2981: 2977: 2971: 2968: 2964: 2960: 2956: 2955:Elinor Ostrom 2951: 2947: 2943: 2937: 2934:, 82(4), pp. 2933: 2929: 2923: 2919: 2915: 2909: 2906: 2903: 2899: 2893: 2890: 2887: 2883: 2882: 2875: 2872: 2866: 2863: 2859: 2853: 2850: 2844: 2841: 2837: 2833: 2827: 2824: 2819: 2813: 2809: 2808:Penguin Books 2805: 2804: 2799: 2793: 2790: 2787: 2781: 2778: 2775: 2771: 2770: 2763: 2760: 2747: 2743: 2737: 2734: 2731: 2727: 2726: 2719: 2716: 2712: 2706: 2703: 2699: 2695: 2691: 2687: 2681: 2678: 2671: 2666: 2665:Substantivism 2663: 2661: 2658: 2656: 2653: 2651: 2648: 2646: 2643: 2640: 2637: 2635: 2632: 2630: 2627: 2625: 2622: 2620: 2617: 2615: 2612: 2609: 2606: 2605: 2600: 2596: 2595: 2591: 2589: 2588: 2584: 2582: 2578: 2577: 2573: 2570: 2566: 2565: 2561: 2560: 2556: 2554: 2552: 2540: 2537: 2529: 2519: 2515: 2509: 2506:This article 2504: 2495: 2494: 2488: 2486: 2482: 2475: 2473: 2471: 2467: 2460: 2452: 2450: 2448: 2444: 2440: 2436: 2430: 2422: 2420: 2418: 2414: 2410: 2406: 2405: 2398: 2395: 2391: 2387: 2383: 2382: 2376: 2373: 2368: 2366: 2362: 2361: 2355: 2349: 2341: 2338: 2334: 2331: 2327: 2323: 2318: 2316: 2312: 2308: 2304: 2300: 2296: 2294: 2293: 2288: 2284: 2280: 2276: 2267: 2262: 2254: 2252: 2248: 2244: 2241: 2235: 2227: 2225: 2223: 2217: 2209: 2207: 2203: 2201: 2195: 2187: 2185: 2183: 2178: 2176: 2171: 2169: 2165: 2164: 2158: 2156: 2152: 2148: 2147: 2142: 2134: 2130: 2125: 2121: 2113: 2111: 2109: 2105: 2104:Gunnar Myrdal 2101: 2097: 2096:Elinor Ostrom 2093: 2089: 2085: 2081: 2078:, Marc Tool, 2077: 2073: 2068: 2066: 2062: 2058: 2054: 2050: 2046: 2041: 2040:individuals. 2038: 2034: 2030: 2026: 2022: 2018: 2014: 2010: 2006: 2002: 1998: 1994: 1990: 1986: 1981: 1979: 1975: 1971: 1970: 1965: 1961: 1957: 1953: 1950: 1946: 1942: 1938: 1927: 1922: 1920: 1915: 1913: 1908: 1907: 1905: 1904: 1899: 1894: 1889: 1887: 1882: 1877: 1876: 1875: 1874: 1867: 1864: 1862: 1859: 1857: 1854: 1852: 1849: 1847: 1844: 1842: 1841:Neoliberalism 1839: 1837: 1834: 1832: 1829: 1827: 1824: 1822: 1819: 1817: 1814: 1812: 1809: 1807: 1804: 1802: 1799: 1797: 1794: 1792: 1789: 1787: 1786:Authoritarian 1784: 1782: 1779: 1778: 1772: 1771: 1764: 1761: 1759: 1756: 1754: 1751: 1749: 1746: 1744: 1741: 1739: 1736: 1734: 1731: 1729: 1726: 1724: 1721: 1719: 1716: 1714: 1713:Globalization 1711: 1709: 1706: 1704: 1701: 1699: 1696: 1694: 1691: 1689: 1686: 1684: 1681: 1679: 1676: 1674: 1673:Crisis theory 1671: 1669: 1666: 1664: 1661: 1659: 1656: 1654: 1651: 1649: 1646: 1645: 1639: 1638: 1631: 1628: 1626: 1623: 1621: 1618: 1616: 1613: 1611: 1608: 1606: 1603: 1601: 1598: 1596: 1593: 1591: 1588: 1586: 1583: 1581: 1578: 1576: 1573: 1571: 1568: 1566: 1563: 1561: 1558: 1556: 1553: 1551: 1548: 1546: 1543: 1541: 1538: 1536: 1533: 1532: 1529:Intellectuals 1526: 1525: 1518: 1517:Technological 1515: 1513: 1510: 1508: 1505: 1503: 1500: 1498: 1495: 1493: 1490: 1488: 1485: 1483: 1480: 1478: 1475: 1473: 1470: 1468: 1465: 1463: 1460: 1458: 1455: 1453: 1450: 1448: 1445: 1444: 1438: 1437: 1430: 1427: 1425: 1422: 1420: 1417: 1415: 1412: 1410: 1407: 1405: 1402: 1400: 1397: 1395: 1392: 1390: 1387: 1386: 1380: 1379: 1372: 1369: 1367: 1364: 1362: 1359: 1357: 1354: 1352: 1349: 1347: 1344: 1342: 1339: 1337: 1334: 1330: 1327: 1325: 1322: 1320: 1317: 1316: 1315: 1312: 1310: 1309:Institutional 1307: 1305: 1302: 1300: 1297: 1293: 1290: 1289: 1288: 1285: 1283: 1280: 1278: 1275: 1274: 1268: 1267: 1260: 1257: 1255: 1252: 1250: 1247: 1245: 1242: 1240: 1237: 1235: 1232: 1230: 1227: 1225: 1222: 1220: 1217: 1215: 1212: 1210: 1207: 1205: 1202: 1200: 1197: 1195: 1192: 1190: 1187: 1185: 1182: 1180: 1177: 1175: 1172: 1170: 1169: 1168:Laissez-faire 1165: 1163: 1160: 1158: 1155: 1153: 1150: 1148: 1145: 1143: 1142:Authoritarian 1140: 1138: 1135: 1134: 1128: 1127: 1120: 1117: 1115: 1112: 1110: 1109:Surplus value 1107: 1105: 1102: 1100: 1097: 1095: 1092: 1090: 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Bain 4034:Game theory 3999:Development 3946:Uncertainty 3826:Price floor 3806:Preferences 3745:Competition 3715:Information 3678:Externality 3661:Equilibrium 3602:Transaction 3580:Opportunity 3541:Aggregation 3281:Description 3206:Description 2526:August 2022 2435:information 2417:health care 2372:advertising 2326:Brain trust 2307:company law 2261:Adolf Berle 2255:Adolf Berle 2168:consumerism 1972:article by 1947:in shaping 1846:Objectivism 1831:Libertarian 1748:Speculation 1668:Consumerism 1502:Progressive 1441:Development 1424:Physiocracy 1371:Supply-side 1179:Libertarian 1157:Free-market 1137:Anglo-Saxon 1119:Wage labour 1074:Marginalism 1044:Free market 999:Corporation 688:von Neumann 341:Information 281:Engineering 261:Development 256:Demographic 198:Game theory 140:Methodology 6745:Categories 6532:Economists 6405:Schumacher 6310:Schumpeter 6280:von Wieser 6200:von ThĂĽnen 6160:Economists 6059:Circuitism 6024:Humanistic 6019:Historical 5994:Ecological 5984:Democratic 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445:Solidarity 366:Managerial 331:Humanistic 326:Historical 271:Ecological 236:Behavioral 130:Mainstream 6450:Greenspan 6415:Samuelson 6395:Galbraith 6365:Tinbergen 6305:von Mises 6300:Heckscher 6260:Edgeworth 6139:Stockholm 6134:Socialist 6034:Keynesian 6014:Happiness 5974:Classical 5935:Mutualism 5930:Anarchist 5915:Heterodox 5812:Personnel 5772:Knowledge 5739:Happiness 5729:Financial 5699:Education 5674:Democracy 5609:Empirical 5531:Economics 5454:Economics 5389:Stockholm 5264:Keynesian 5229:Cracovian 5178:(20th and 5167:Socialist 5150:Mutualism 5093:Ricardian 5088:Classical 4649:Uwe Sunde 4469:Ofer Azar 4105:Economics 3977:Subfields 3872:Rationing 3789:Oligopoly 3784:Monopsony 3772:Bilateral 3705:Household 3556:Convexity 3422:Abstract. 3416:Abstract. 3410:Abstract. 3356:Springer. 3328:, 1:7–22. 3285:contents. 3082:cite book 2902:Abstract. 2886:Abstract. 2800:(2000) . 2774:Abstract. 2730:Abstract. 2476:Criticism 2390:marketing 2333:achieve. 2299:Directors 2033:Karl Marx 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5894:Schools 5881:Welfare 5851:Service 5644:Applied 5432:Related 5219:Chicago 4110:Applied 4089:Welfare 3951:Utility 3911:Surplus 3850:Pricing 3762:Duopoly 3755:Perfect 3698:Service 3666:General 3570:Average 3400:(2008): 3238:687–706 2984:595–613 2936:713–19 2752:1 April 2512:Please 1821:Liberal 1781:Anarcho 1718:History 1550:Malthus 1545:Ricardo 1507:Rentier 1492:Marxist 1472:Finance 1383:Origins 1351:Marxist 1299:Chicago 1259:Welfare 1219:Private 1174:Liberal 994:Company 979:Capital 862:Schools 854: ( 813:Piketty 808:Krugman 673:Kuznets 663:Kalecki 638:Polanyi 528:Cournot 523:Bastiat 508:Ricardo 498:Malthus 488:Quesnay 460:Welfare 430:Service 101:Applied 77:Outline 72:History 6666:(1921) 6656:(1904) 6646:(1899) 6485:Thaler 6465:Ostrom 6460:Becker 6455:Sowell 6435:Baumol 6340:Myrdal 6335:Sraffa 6330:Frisch 6320:Knight 6315:Keynes 6290:Fisher 6285:Veblen 6270:Pareto 6250:Menger 6245:George 6240:Jevons 6235:Walras 6225:Gossen 6149:Thermo 5827:Public 5822:Policy 5777:Labour 5744:Health 5310:Market 3935:Supply 3926:Demand 3862:Profit 3730:Market 3592:Social 3349:, pp. 3270:166–92 2965:, pp. 2950:17–26. 2814:  2696:, pp. 2027:, and 2011:, and 1620:Weaver 1615:Veblen 1590:Walras 1585:Pareto 1575:Keynes 1477:Global 1244:Social 1214:Nordic 1184:Market 1094:Profit 798:Thaler 778:Ostrom 773:Becker 768:Sowell 748:Baumol 653:Myrdal 648:Sraffa 643:Frisch 633:Knight 628:Keynes 603:Fisher 598:Veblen 583:Pareto 563:Menger 558:George 553:Jevons 548:Walras 538:Gossen 406:Public 401:Policy 356:Labour 321:Health 178:Market 6634:Books 6571:Lists 6566:Index 6517:Lists 6490:Hoppe 6475:Lucas 6440:Solow 6430:Arrow 6420:Simon 6385:Lange 6380:Hicks 6355:Röpke 6345:Hayek 6295:Pigou 6265:Clark 6180:Smith 6095:Mixed 6054:Post- 5876:Urban 5856:Socio 5846:Rural 5286:Post- 4054:Labor 4039:Green 3811:Price 3693:Goods 3683:Firms 3394:From 3354:–848. 3173:49–70 2922:72–74 2672:Notes 2569:links 2143:, on 1630:Coase 1625:Weber 1570:Hayek 1535:Smith 1467:Crony 1329:Post- 1249:State 1239:Rhine 1194:Mixed 1114:Value 1079:Money 835:Lists 803:Hoppe 788:Lucas 753:Solow 743:Arrow 733:Simon 698:Lange 693:Hicks 668:Röpke 658:Hayek 608:Pigou 578:Clark 493:Smith 455:Urban 435:Socio 425:Rural 125:Macro 121:Micro 82:Index 6506:more 6230:Marx 6220:Mill 6205:List 6083:Neo- 6039:Neo- 5269:Neo- 3968:Wage 3877:Rent 3845:Free 3597:Sunk 3565:Cost 3558:and 3283:and 3208:and 3094:help 2970:–48. 2812:ISBN 2754:2018 2698:204- 2392:and 2122:and 2102:and 1600:Rand 1560:Marx 1540:Mill 1487:Late 1319:Neo- 819:more 543:Marx 533:Mill 518:List 27:and 6470:Sen 6190:Say 6049:New 5782:Law 5281:New 4059:Law 3351:819 3117:doi 3055:doi 2967:819 2928:PDF 2700:12. 2516:to 2378:In 2160:In 2059:by 1836:Neo 1806:Eco 1555:Say 1324:New 1292:MMT 1224:Raw 783:Sen 503:Say 361:Law 6747:: 3303:" 3111:. 3086:: 3084:}} 3080:{{ 3051:35 3049:. 2998:^ 2912:• 2860:.) 2836:12 2834:, 2728:. 2449:. 2289:, 2184:. 2094:, 2090:, 2086:, 2082:, 2074:, 2023:, 2007:, 939:on 123:/ 48:on 6619:e 6612:t 6605:v 6543:) 6045:) 6041:( 5901:) 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Index

economics
mechanism design
social choice theory
public choice
a series
Economics

History
Outline
Index
classifications
Applied
Econometrics
Heterodox
International
Micro
Macro
Mainstream
Mathematical
Methodology
Political
JEL classification codes
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Market
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Operations research

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