Download or read book Institutional Economics. Vol. I written by John Rogers Commons and published by Transaction Publishers. This book was released on with total page 688 pages. Available in PDF, EPUB and Kindle. Book excerpt: Commons opened Institutional Economics by declaring: "My point of view is based on my participation in collective activities, from which I here derive a theory of the part played by collective action in control of individual action." This sentence well summarizes the three key elements of this book--its theoretical intent, the importance Commons gave to his own experience in institutional reform in shaping these ideas, and the focus on the concept of the institution as a collective constraint on individual action.