ABSTRACT
I t would be useful to have a comprehensive overview of the “institutions of the market.” That alone might justify several tomes. This chapter can move only marg inal ly beyond the core inst i tut ions introduced in Chapter 3. In this, I shall proceed relatively quickly with the legal codes and institutions required for protecting and enforcing contracts. I devote more attention to the institutions of functioning labor and capital markets and to the requirements for enhancing the collection, organization, and dissemination of various kinds of information. I touch in this context also on the notion of governance. But how this affects the state and the nonprofit institutions closer to the coercive state than the for-profit private sector I defer to Chapter 9.
