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

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

Unemployment A man willing to work, and unable to find work, is perhaps the saddest sight that fortune's inequality exhibits under the sun Thomas Carlyle Unemployment is the macroeconomic problem that affects people most directly and severely. For most people, the loss of a job means a reduced living standard