Institutional economics focuses on understanding the role of the evolutionary process and the role of institutions in shaping economic behaviour. Its original focus lay in Thorstein Veblen's instinct-oriented dichotomy between technology on the one side and the "ceremonial" sphere of society on the other. Its name and core elements trace back to a 1919 American Economic Review article by Walton H.
| Attributes | Values |
|---|---|
| rdfs:comment |
|
| foaf:depiction | |
| thumbnail | |
| is field of | |
| is influenced of | |
| is non-fiction subject of |