Institutional Economics: Its Place in Political Economy

abundance Adam Smith artificial scarcity assets average bank bankers bargaining power bargaining transactions Bentham buyer capital capitalists cent changes collective action commodities common law concept conflict corporeal cost courts custom debt demand distinguished divine double meaning economic quantity economists efficiency equal equivalent ethics exchange exchange-value expected formula functional psychology future going concern hedonic Hence human Hume Hume's Ibid idea income increase individual input institutional economics intangible property interest John Locke Karl Marx labor labor-pain labor-power liberty Locke Locke's MacLeod Malthus man-hours managerial transactions manufacturers margin for profit marginal utility Marx materials measure Mercantilists nation nature nomic outgo output ownership pain payment physical Physiocrats pleasure principle production proprietary Proudhon psychology purchasing power Quesnay reason rent Ricardo scarcity scarcity-value seller social taxes theory things tion unit use-value utility variable wages wealth Wealth of Nations