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An analytical framework for explaining the ways in which institutions and institutional change affect the performance of economies is developed in this analysis
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Institutions are central to economic life. They have a major impact on consumer preferences, the actions and processes of firms, levels of wealth and poverty in
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This book examines and compares the 'old' institutionalism of Veblen, Mitchell, Commons, and Ayres, with the 'new' institutionalism developed from neoclassical
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"The essential role institutions play in understanding economic development has long been recognised and has been closely studied across the social sciences but