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institutional economics  

Definition

  • Institutional economics was a term originally used to describe the works of a prominent group of American economists including Thorstein Veblen, Wesley C. Mitchell, John R. Commons, and many others. Although its influence declined, even after World War II the original institutionalism retained some prominence. [Source: Encyclopedia of Philosophy and the Social Sciences; Institutional Economics]

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https://concepts.sagepub.com/social-science/concept/institutional_economics

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