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Author: Douglass C. North
Publisher: Cambridge University Press
ISBN: 9780521397346
Category : Political Science
Languages : en
Pages : 164
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Book Description
An analytical framework for explaining the ways in which institutions and institutional change affect the performance of economies is developed in this analysis of economic structures.
Author: Douglass C. North
Publisher: Cambridge University Press
ISBN: 9780521397346
Category : Political Science
Languages : en
Pages : 164
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Book Description
An analytical framework for explaining the ways in which institutions and institutional change affect the performance of economies is developed in this analysis of economic structures.
Author: Douglass C. North
Publisher: Princeton University Press
ISBN: 0691145954
Category : Business & Economics
Languages : en
Pages : 200
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Book Description
In this landmark work, a Nobel Prize-winning economist develops a new way of understanding the process by which economies change. Douglass North inspired a revolution in economic history a generation ago by demonstrating that economic performance is determined largely by the kind and quality of institutions that support markets. As he showed in two now classic books that inspired the New Institutional Economics (today a subfield of economics), property rights and transaction costs are fundamental determinants. Here, North explains how different societies arrive at the institutional infrastructure that greatly determines their economic trajectories. North argues that economic change depends largely on "adaptive efficiency," a society's effectiveness in creating institutions that are productive, stable, fair, and broadly accepted--and, importantly, flexible enough to be changed or replaced in response to political and economic feedback. While adhering to his earlier definition of institutions as the formal and informal rules that constrain human economic behavior, he extends his analysis to explore the deeper determinants of how these rules evolve and how economies change. Drawing on recent work by psychologists, he identifies intentionality as the crucial variable and proceeds to demonstrate how intentionality emerges as the product of social learning and how it then shapes the economy's institutional foundations and thus its capacity to adapt to changing circumstances. Understanding the Process of Economic Change accounts not only for past institutional change but also for the diverse performance of present-day economies. This major work is therefore also an essential guide to improving the performance of developing countries.
Author: Douglass Cecil North
Publisher: Ics Press
ISBN: 9781558152113
Category : Economic development
Languages : en
Pages : 32
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Book Description
Author: Lee J. Alston
Publisher: Cambridge University Press
ISBN: 9780521557436
Category : Business & Economics
Languages : en
Pages : 380
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Book Description
Empirical Studies in Institutional Change is a collection of nine empirical studies by fourteen scholars. Dealing with issues ranging from the evolution of secure markets in seventeenth-century England to the origins of property rights in airport slots in modern America, the contributors analyse institutions and institutional change in various parts of the world and at various periods of time. The volume is a contribution to the new economics of institutions, which emphasises the role of transaction costs and property rights in shaping incentives and results in the economic arena. To make the papers accessible to a wide audience, including students of economics and other social sciences, the editors have written an introduction to each study and added three theoretical essays to the volume, including Douglass North's Nobel Prize address, which reflect their collective views as to the present status of institutional analysis and where it is headed.
Author: Douglass Cecil North
Publisher: W. W. Norton
ISBN: 9780393952414
Category : Business & Economics
Languages : en
Pages : 228
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Book Description
In this bold, sweeping study of the development of Western economies, Douglass C. North sets forth a new view of societal change.
Author: Mark Blaug
Publisher:
ISBN:
Category : Biography & Autobiography
Languages : en
Pages : 288
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Book Description
Author: Timo J. Hämäläinen
Publisher: Edward Elgar Publishing
ISBN: 1847206999
Category : Business & Economics
Languages : en
Pages : 347
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Book Description
À much needed examination of a neglected issue - how societies, regions and institutions adjust to our rapidly changing economic world.'. - W. Brian Arthur, Santa Fe Institute, New Mexico. T̀his is a marvellously rich work of synthesis, bringing together a very wide range of theoretical perspectives to make sense of contemporary patterns of economic and social change. Its range of reference is remarkable - and it is further proof that much of the most interesting theoretical and empirical work today is being done on the boundaries of disciplines.'. - Geoff Mulgan, Director, The Young Foundati.
Author: Douglass C. North
Publisher: Cambridge University Press
ISBN: 1107014212
Category : Business & Economics
Languages : en
Pages : 377
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Book Description
This book explains how political control of economic privileges is used to limit violence and coordinate coalitions of powerful organizations.
Author: Yoram Barzel
Publisher: Cambridge University Press
ISBN: 9780521597135
Category : Business & Economics
Languages : en
Pages : 180
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Book Description
This is a study of the way individuals organise the use of resources in order to maximise the value of their economic rights over these resources.
Author: Douglass Cecil North
Publisher: Cambridge University Press
ISBN: 0521761735
Category : Business & Economics
Languages : en
Pages : 345
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Book Description
This book integrates the problem of violence into a larger framework, showing how economic and political behavior are closely linked.
