Foundational Concepts for Institutionalist Policy Making

Institutional economics is a policy-oriented science. For over a century, it has contributed to the resolution of economic problems at the federal, state, and local levels. Institutional economists have continuously sought to identify and resolve the economic and political problems that impair the efficiency and equity with which the economy engages in the production of goods and services and the distribution of income. The topics of the chapters of this book illustrate the broad range of interests institutionalists exhibit in policy issues and the approaches they take in dealing with them.