Explain why the Institutionalists' stress on the role of institutions in economics decision making added elements of rea

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Explain why the Institutionalists' stress on the role of institutions in economics decision making added elements of rea

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Explain why the Institutionalists' stress on the role of institutions in economics decision making added elements of realism to economic analysis. Use the opinion of John Kenneth Galbraith in his dependence effect theory to support your argument. (15 marks)
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