Seller
Your price
£68.64
RRP: £96.00
Save £27.36 (28%)
Dispatched within 3-4 working days.

The Institutional Economy

Demand and Supply

By (author) David Reisman
Format: Hardback
Publisher: Edward Elgar Publishing Ltd, Cheltenham, United Kingdom
Published: 27th Mar 2002
Dimensions: w 234mm h 156mm d 20mm
Weight: 579g
ISBN-10: 1840646748
ISBN-13: 9781840646740
Barcode No: 9781840646740
Synopsis
The institutional economy is the economy of rules and laws, conventions and precedents. It is prices but also practices, change but also constancy, individual but also interdependence. David Reisman argues that conformity and repetition as well as new initiatives and mould-breaking departures constitute the essence of supply and demand. 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. The Institutional Economy deals with a topic that is of increasing importance in social economics and political economy. It will be of interest to all social scientists concerned to make demand and supply more relevant to the economic conditions of the present day.

New & Used

Seller Information Condition Price
-New£68.64
+ FREE UK P & P

What Reviewers Are Saying

Submit your review
Newspapers & Magazines
'This book is well structured and easy to follow, even though it deals with difficult material. It deserves to be read by all who are interested in escaping the narrow boundaries of current mainstream economics.' -- Anna Soci, Review of Political Economy