The American economy has provided a level of well-being that has consistently ranked at or near the top of the international ladder. A key source of this success has been widespread participation in political and economic processes. In "The Government and the American Economy, " leading economic historians chronicle the significance of America's open-access society and the roles played by government in its unrivaled success story. America's democratic experiment, the authors show, allowed individuals and interest groups to shape the structure and policies of government, which, in...
The American economy has provided a level of well-being that has consistently ranked at or near the top of the international ladder. A key source o...
At the core of Professor North's investigation is the question of property rights, the arrangements individuals and groups have made through history to deal with the fundamental economic problem of scarce resources.
In six theoretical chapters, Professor North examines the structure of economic systems, outlines an economic theory of the state and the ideologies that undergird various modes of economic organization, and then explores the dynamic forces such as new technologies that cause institutions to adapt in order to survive. With this analytical framework in place, major phases...
At the core of Professor North's investigation is the question of property rights, the arrangements individuals and groups have made through histor...
In some respects this is intended to be a revolutionary book, but in other respects it is very traditional indeed. It is revolutionary in that we have developed a comprehensive analytical framework to examine and explain the rise of the Western world; a framework consistent with and complementary to standard neo-classical economic theory. Since the book is written to be understandable (and hopefully interesting) for those without prior economic training, we have avoided the jargon of the profession and attempted to be as clear and as straightforward as possible.
In some respects this is intended to be a revolutionary book, but in other respects it is very traditional indeed. It is revolutionary in that we have...
Douglass C. North Randall Calvert Thrainn Eggertsson
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...
Continuing his groundbreaking analysis of economic structures, Douglass North develops an analytical framework for explaining the ways in which instit...
Lee J. Alston Thrainn Eggertsson Douglass C. North
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 analyze institutions and institutional change. To make the papers accessible to a wide audience, the editors have written an introduction to each study and added three theoretical essays to the volume, including Douglass North's Nobel Prize address, that reflect their collective views as to the present and...
Empirical Studies in Institutional Change is a collection of nine empirical studies by fourteen scholars. Dealing with issues ranging from the evoluti...
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...
In this landmark work, a Nobel Prize-winning economist develops a new way of understanding the process by which economies change. Douglass North in...
Lee J. Alston Thrainn Eggertsson Douglass C. North
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 analyze institutions and institutional change. To make the papers accessible to a wide audience, the editors have written an introduction to each study and added three theoretical essays to the volume, including Douglass North's Nobel Prize address, that reflect their collective views as to the present and...
Empirical Studies in Institutional Change is a collection of nine empirical studies by fourteen scholars. Dealing with issues ranging from the evoluti...
