Synopsis
This two-volume work is intended to map the theoretical heartland of the institutionalist perspective on political economy. Volume I, "Foundations of Institutional Thought", identifies the origins of institutional economics and explores the primary analytical tools in its development. The papers included in Volume II, "Institutional Theory and Policy", consider basic economic processes, institutions for stabilizing and planning economic activities, the role of power and accountability, and emerging global interdependence. Marc R. Tool is the editor of "Journal of Economic Issues".
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About the Author
Marc R. Tool is Emeritus Professor of Economics at California State University, Sacramento. He is the author of The Discretionary Economy: A Normative Theory of Political Economy (1979), and Essays in Social Value Theory: A Neoinstitutionalist Contribution (1986). He was the editor of An Institutionalist Guide to Economics and Public Policy (1984). He is a member of the executive board of the Association for Evolutionary Economics and past president of the Association for Institutional Thought. He has been editor of the Journal of Economic Issues since 1981.
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