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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...
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"Smith's Wealth of Nations, Marx's Capital and Keynes's General Theory are three paradigmatic texts which are … natural liberty", Marx's view of the ability of the capitalist system to overcome temporarily but periodically its …
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