Institutions and the Economy

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Institutions are central to economic life. They have a major impact on consumer preferences, the actions and processes of firms, levels of wealth and poverty in countries, the growth of international trade, and much more. Indeed, none of the preconditions for economic activity - such as the existence of buyers and sellers, recognizable goods and services, and the information we need to make choices - would be in place without institutions. Institutions, then, do more than support economic life: they enable and shape it. ...

Institutions and the Economy 2011, Polity Press, Oxford

ISBN-13: 9780745648309

Paperback

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Institutions and the Economy 2011, Polity Press, Oxford

ISBN-13: 9780745648293

Hardcover

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