institutional economics

noun plural but singular or plural in construction

: a school of economics that emphasizes the importance of nonmarket factors (as social institutions) in influencing economic behavior, economic analysis being subordinated to consideration of sociological factors, history, and institutional development

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Dictionary Entries Near institutional economics

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“Institutional economics.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/institutional%20economics. Accessed 24 Mar. 2023.

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