TY - BOOK AU - Commons,John Rogers AU - Rutherford, Malcolm. TI - Institutional economics: its place in political economy, Volume One SN - 0887387977 AV - HB 99.5 .C737 1990 PY - 1990/// CY - New Brunswick PB - Macmillan KW - Institutional economics N1 - Reprint. Originally published: New York : Macmillan, 1934 N2 - 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 ER -