Institutional Economics

What is Institutional EconomicsInstitutional economics is a branch of economics that focuses on understanding the function that institutions have in determining economic behavior as well as the impact that the evolutionary process plays. Thorstein Veblen's instinct-oriented divide between technology on the one hand and the 'ceremonial' sphere of society on the other was the primary emphasis of the organization when it was first established. Both its name and its fundamental components may be traced back to an article written by Walton H. Hamilton in 1919 for the American Economic Review. The field of institutional economics places an emphasis on the study of institutions in a more comprehensive manner and considers markets to be the product of the intricate interplay between the many institutions. In the field of economics, the older school is still widely recognized as a prominent heterodox approach nowadays.How you will benefit(I) Insights, and validations about the following topics:Chapter 1: Institutional economicsChapter 2: Neoclassical economicsChapter 3: Thorstein VeblenChapter 4: Evolutionary economicsChapter 5: The Theory of the Leisure ClassChapter 6: New institutionalismChapter 7: Labour economicsChapter 8: Wesley Clair MitchellChapter 9: Heterodox economicsChapter 10: Geoffrey HodgsonChapter 11: Historical institutionalismChapter 12: Herbert J. DavenportChapter 13: History of economic thoughtChapter 14: European Association for Evolutionary Political EconomyChapter 15: Schools of economic thoughtChapter 16: Institutionalist political economyChapter 17: Vivien A. SchmidtChapter 18: Perspectives on capitalism by school of thoughtChapter 19: Association for Evolutionary EconomicsChapter 20: Transaction ManChapter 21: Veblen-Commons Award(II) Answering the public top questions about institutional economics.(III) Real world examples for the usage of institutional economics in many fields.(IV) Rich glossary featuring over 1200 terms to unlock a comprehensive understanding of institutional economics. (eBook only).Who will benefitProfessionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of institutional economics.