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This 2000 book addresses the discrepancy between the developing economy of England between 1720-1844, and the stagnant legal framework of business organization during the same period. The book focuses on the ways by which the legal-economic nexus of the period gave rise to the modern institutions of organizing business.
Individuals, Institutions, and Markets offers a theory of how the institutional framework of a society emerges and how markets within institutions work. Integrating the latest scholarship in economics, sociology, political science, law, and anthropology, Mantzavinos offers a genuine political economy showing how social institutions affect economic outcomes.
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