North, Douglass C. (Douglass Cecil)
Princeton, N.J. : Princeton University Press, c2005.
Added to CLICnet on 08/05/2014
Check CLICnet for availability
Part of the series The Princeton economic history of the Western world
Notes:
- Includes bibliographical references (p. 171-181) and index.
- Ch. 1. outline of the process of economic change — Ch. 2. Uncertainty in a non-ergodic world — Ch. 3. Belief systems, culture, and cognitive science — Ch. 4. Consciousness and human intentionality — Ch. 5. scaffolds humans erect — Ch. 6. Taking stock — Ch. 7. evolving human environment — Ch. 8. sources of order and disorder — Ch. 9. Getting it right and getting it wrong — Ch. 10. rise of the western world — Ch. 11. rise and fall of the Soviet Union — Ch. 12. Improving economic performance — Ch. 13. Where are we going?
- 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. 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. –BOOK JACKET.
Subjects:
Requested by Lotterman, E