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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: Cambridge University Press
ISBN: 1139642960
Category : Political Science
Languages : en
Pages : 231
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Book Description
Continuing his groundbreaking analysis of economic structures, Douglass North develops an analytical framework for explaining the ways in which institutions and institutional change affect the performance of economies, both at a given time and over time. Institutions exist, he argues, due to the uncertainties involved in human interaction; they are the constraints devised to structure that interaction. Yet, institutions vary widely in their consequences for economic performance; some economies develop institutions that produce growth and development, while others develop institutions that produce stagnation. North first explores the nature of institutions and explains the role of transaction and production costs in their development. The second part of the book deals with institutional change. Institutions create the incentive structure in an economy, and organisations will be created to take advantage of the opportunities provided within a given institutional framework. North argues that the kinds of skills and knowledge fostered by the structure of an economy will shape the direction of change and gradually alter the institutional framework. He then explains how institutional development may lead to a path-dependent pattern of development. In the final part of the book, North explains the implications of this analysis for economic theory and economic history. He indicates how institutional analysis must be incorporated into neo-classical theory and explores the potential for the construction of a dynamic theory of long-term economic change. Douglass C. North is Director of the Center of Political Economy and Professor of Economics and History at Washington University in St. Louis. He is a past president of the Economic History Association and Western Economics Association and a Fellow, American Academy of Arts and Sciences. He has written over sixty articles for a variety of journals and is the author of The Rise of the Western World: A New Economic History (CUP, 1973, with R.P. Thomas) and Structure and Change in Economic History (Norton, 1981). Professor North is included in Great Economists Since Keynes edited by M. Blaug (CUP, 1988 paperback ed.)
Author: Douglass Cecil North
Publisher:
ISBN: 9781316084670
Category : Economic development
Languages : en
Pages : 152
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Book Description
"Continuing his groundbreaking analysis of economic structures, Douglass North develops an analytical framework for explaining the ways in which institutions and institutional change affect the performance of economies, both at a given time and over time. Institutions exist, he argues, due to the uncertainties involved in human interaction; they are the constraints devised to structure that interaction. Yet, institutions vary widely in their consequences for economic performance; some economies develop institutions that produce growth and development, while others develop institutions that produce stagnation. North first explores the nature of institutions and explains the role of transaction and production costs in their development. The second part of the book deals with institutional change. Institutions create the incentive structure in an economy, and organisations will be created to take advantage of the opportunities provided within a given institutional framework. North argues that the kinds of skills and knowledge fostered by the structure of an economy will shape the direction of change and gradually alter the institutional framework. He then explains how institutional development may lead to a path-dependent pattern of development. In the final part of the book, North explains the implications of this analysis for economic theory and economic history. He indicates how institutional analysis must be incorporated into neo-classical theory and explores the potential for the construction of a dynamic theory of long-term economic change"--Provided by publisher.
Author: Mark Blaug
Publisher:
ISBN:
Category : Biography & Autobiography
Languages : en
Pages : 288
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Book Description
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: 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: Ha-Joon Chang
Publisher: Anthem Press
ISBN: 0857286978
Category : Business & Economics
Languages : en
Pages : 327
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Book Description
‘Institutional Change and Economic Development’ discusses not just theoretical issues but a diverse range of real-life institutions – political, bureaucratic, fiscal, financial, corporate, legal, social and industrial – in the context of dozens of countries across time and space, spanning Britain, Switzerland and the USA in the past to Botswana, Brazil, and China today.
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.
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: Lakshmi Iyer
Publisher: World Scientific Publishing Company
ISBN: 9789814719759
Category : Developing countries
Languages : en
Pages : 501
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Book Description
Emerging markets play an increasingly important role in the global economy, accounting for 31% of global GDP and more than 50% of global foreign direct investment in 2012. However, doing business in emerging markets remains subject to a high degree of 'policy risk, ' namely the risk that a government will discriminatorily change the laws, regulations, or contracts governing an investment -- or will fail to enforce them -- in a way that reduces an investor's financial returns.Institutions, Institutional Change and Economic Performance in Emerging Markets brings together a series of Harvard Business School case studies on emerging markets. This book is an invaluable resource for researchers in the fields of economics business to understand the role of specific economic and political institutions in shaping the business environment and economic growth in emerging markets. It gives answers to the following questions: When will governments define and enforce property rights? When will the division of policy authority across different government agents (e.g. federal and subnational governments, or politicians and bureaucrats) enable better policy decisions? And what are the consequences of globalization for the economic growth and stability of emerging market countries?
