上游文通大学 Outline SHANGHAI JIAO TONG UNIVERSITY 1.Veblen and Leisure Class 2.What is institution? ©3，Property Rights and Institution 4,Contract and Transaction Cost ④5，Institutions and Reversal of Fortune 6,Case Study and Conclusion 强 6 MMMMMMM SHANC 1日GOutline 1, Veblen and Leisure Class 2, What is institution? 3, Property Rights and Institution 4, Contract and Transaction Cost 5, Institutions and Reversal of Fortune 6, Case Study and Conclusion