Sufficient Reason: Volitional Pragmatism and the Meaning of Economic Institutions

In the standard analysis of economic institutions—which include social conventions, the working rules of an economy, and entitlement regimes (property relations)—economists invoke the same theories they use when analyzing individual behavior. In this profoundly innovative book, Daniel Bromley challenges these theories, arguing instead for "volitional pragmatism" as a plausible way of thinking about the evolution of economic institutions. Economies are always in the process of becoming. Here...