Institutional Economics. Its Place in Political Economy.

£350 · Offered by Maggs Bros Ltd

Commons was, together with Thorstein Veblen and Wesley Clair Mitchell, one of the three founders of American Institutionalism, “an analysis of collective action by the state, and a wide range of other institutions, which he saw as essential to understanding economic life. This institutional theory was closely related to his remarkable successes in fact-finding and drafting legislation on a wide range of social issues for the State of Wisconsin” (Who’s Who in Economics). From the library of the distinguished American demographer and historian of economic thought Joseph J. Spengler (1902-1991), with his characteristic annotations to rear endpapers along with underling and marginal annotations throughout. With an original offprint loosely inserted of an article from The Philosophical Review by A.B. Wolfe titled ‘Institutional Reasonableness and Value’ reviewing Commons’s book, with Spengler’s pencilled underling and annotations.

• Year: 1934

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