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Economics · Schools of Economic Thought

Institutional Economics

A topic within Schools of Economic Thought, itself one of 11 topics in that field and part of Economics.

Reading on Institutional Economics

2

2 works

Book1899

The Theory of the Leisure Class

Thorstein Veblen

Much consumption by the wealthy is not about the goods themselves but about visibly wasting time and money to signal status — 'conspicuous consumption', coined here as a challenge to treating consumer choice as need-driven.

about 7 hours to readlink checked 17 Sept 2026
Economics · Schools of Economic Thought
FreeIntermediate
Book1944

The Great Transformation

Karl Polanyi

Argues that self-regulating markets were imposed by deliberate state action rather than emerging naturally, and that treating land, labour and money as commodities provoked the social counter-movements of the twentieth century.

Economics · Schools of Economic Thought
PaidAdvanced

Other topics in Schools of Economic Thought