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Abstract: This 10 page paper defines evolutionary institutionalism, how it arose and why it is superior to the neoclassical concepts of economics. Examples, quotes, and analogies offered. Veblen, Marshall, Polyani theories discussed, as well as the creation of Laissez Faire practices and the theories of reciprocity, redistribution and market exchange. Bibliography lists 6 sources.
Catagory: Business Management & Management Theory
Subcatagory: Business - Management
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