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The institutional economics which is established in the beginnings of twentieth century stresses such basic concepts as habit, instinct, belief and volition in shaping the human behavior and economic activity. The institutional economics accordingly, at one hand, features the moulder and at some degree restraining functions of social structures –namely institutions- upon individuals based on the preconception that the individual is a “social” being; at the other hand, emphasizes that individuals constitute and shape the social structures. This paper aims to demonstrate the conceptions of “economics” and “individual” of institutional economics within the context of Commons and Mitchell.
Field : Sosyal, Beşeri ve İdari Bilimler
Journal Type : Uluslararası
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