John R. Commons Quote

An institution is defined as collective action in control, liberation and expansion of individual action. Its forms are unorganized custom and organized going concerns. The individual action is participation in bargaining, managing and rationing


p. 648 - "Institutional Economics," 1931


An institution is defined as collective action in control, liberation and expansion of individual action. Its forms are unorganized custom and...

An institution is defined as collective action in control, liberation and expansion of individual action. Its forms are unorganized custom and...

An institution is defined as collective action in control, liberation and expansion of individual action. Its forms are unorganized custom and...

An institution is defined as collective action in control, liberation and expansion of individual action. Its forms are unorganized custom and...