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The Institutional Economy

Demand and Supply

The Institutional Economy by David Reisman
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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.
Edward Elgar Publishing; May 2002
279 pages; ISBN 9781843767404
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Title: The Institutional Economy
Author: David Reisman