The Institutional Economy
Demand and Supply
David Reisman, Professor of Economics, Nanyang Technological University, Singapore and Professor Emeritus of Economics, University of Surrey, UK
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The institutional economy is the economy of rules and laws, conventions and precedents. It is prices but also practices, change but also constancy, individual but also interdependence. David Reisman argues that conformity and repetition as well as new initiatives and mould-breaking departures constitute the essence of supply and demand.
Contents: 1. Introduction 2. Economy as Society 3. Present as Past 4. Society as Past 5. People and Things 6. Benevolence 7. Malevolence 8. Needs and Wants 9. The Demand to Supply 10. Organisational Order 11. Organisational Cost 12. Conclusion Bibliography Index