This book presents a model for examining problems of institutional change and applies it to American economic development in the nineteenth and twentieth centuries. The authors develop their model of institutional change. They argue that if external economic factors make an increase in income possible but not attainable within the existing institutional structure, new organizations must be developed to achieve the potential in income. Their model is designed to explain the type and timing of these necessary changes in institutional organization. Individual, voluntary cooperative, and governmental arrangements are included in the discussion, although the latter differs considerably from the first two.
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Book Description
This book presents a model for examining problems of institutional change and applies it to American economic development in the nineteenth and twentieth centuries.
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arrangemental innovation, primary action group, secondary action group, arrangemental structure, voluntary cooperative group, early land companies, voluntary cooperative organization, external profits, voluntary cooperative arrangements, coercive advantage, stuck costs, uncertainty discounts, social revenues, political ground rules, effect income redistribution, cartel decisions, institutional rearrangement, total lag, passionate minority, been innovated, institutional technology, claims clubs, mutual principle, widespread innovation Key Phrases - Capitalized Phrases (CAPs): (learn more)
United States, New York, Supreme Court, Civil War, Farm Bureau, World War, New England, Department of Agriculture, American Medical Association, Interstate Commerce Commission, Erie Canal, Rhode Island, New Jersey, Great Britain, Northwest Territory, Seventeenth Amendment, Sherman Anti-Trust Act, Louis Lasky, Hepburn Act, Montgomery Ward, Fifteenth Amendment, Catholic Church, Standard Oil, The Calculus of Consent, Union Pacific Browse Sample Pages:
Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!
arrangemental innovation, primary action group, secondary action group, arrangemental structure, voluntary cooperative group, early land companies, voluntary cooperative organization, external profits, voluntary cooperative arrangements, coercive advantage, stuck costs, uncertainty discounts, social revenues, political ground rules, effect income redistribution, cartel decisions, institutional rearrangement, total lag, passionate minority, been innovated, institutional technology, claims clubs, mutual principle, widespread innovation Key Phrases - Capitalized Phrases (CAPs): (learn more)
United States, New York, Supreme Court, Civil War, Farm Bureau, World War, New England, Department of Agriculture, American Medical Association, Interstate Commerce Commission, Erie Canal, Rhode Island, New Jersey, Great Britain, Northwest Territory, Seventeenth Amendment, Sherman Anti-Trust Act, Louis Lasky, Hepburn Act, Montgomery Ward, Fifteenth Amendment, Catholic Church, Standard Oil, The Calculus of Consent, Union Pacific Browse Sample Pages:
Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!
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