This book uses an institutional-evolutionary approach to analyse economic problems associated with developments in capitalism during the second half of the twentieth century. It argues that economics should centre on institutions - the durable fabric of the economy over time. Drawing on the...

"Because without understanding how human society since our remotest ancestors has been created through social labor working people remain prisoners of the capitalist epoch in which we live.Without knowing how our labor transforms nature how its the motor force along humanitys ongoing road we...