ECON 426

Institutional Economics

Units: 1.5, Hours: 3-0

A discussion and comparison of the two major traditions of institutional economics: the American Institutionalism of Veblen, Commons and Mitchell and the "New" Institutionalism associated with Austrian and neoclassical approaches. Topics covered will include the evolution and economic functioning of social norms and conventions, common and statute law, and economic organizations.

Prerequisites: 203.

Pre- or corequisites: 225.

Undergraduate course in Economics offered by the Department of Economics in the Faculty of Social Sciences.