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Understanding the Process of Economic Change
Douglass C. North
€ 37.99
€ 33.48
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Description for Understanding the Process of Economic Change
Paperback. Develops a way of understanding the process by which economies change. This title explains how different societies arrive at the institutional infrastructure that determines their economic trajectories. It argues that economic change depends largely on 'adaptive efficiency'. Series: The Princeton Economic History of the Western World. Num Pages: 200 pages, 12 line illus. 1 table. BIC Classification: KCA. Category: (P) Professional & Vocational; (U) Tertiary Education (US: College). Dimension: 236 x 155 x 15. Weight in Grams: 326.
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 ... Read more
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 ... Read more
Product Details
Publisher
Princeton University Press United States
Number of pages
200
Format
Paperback
Publication date
2010
Series
The Princeton Economic History of the Western World
Condition
New
Number of Pages
200
Place of Publication
New Jersey, United States
ISBN
9780691145952
SKU
V9780691145952
Shipping Time
Usually ships in 7 to 11 working days
Ref
99-1
About Douglass C. North
Douglass C. North is professor of economics and Spencer T. Olin Professor in Arts and Sciences at Washington University in St. Louis. He was the corecipient of the Nobel Prize in Economic Sciences in 1993.
Reviews for Understanding the Process of Economic Change
Anyone with an interest in world poverty can benefit from this carefully crafted and closely argued book. It is a pleasure and a delight to read.
Paul Ormerod, Times Higher Education [North] sets forth a radical reconceptualization of the task and methods of the social sciences in general and economics in particular, providing a glimpse at an economics that ... Read more
Paul Ormerod, Times Higher Education [North] sets forth a radical reconceptualization of the task and methods of the social sciences in general and economics in particular, providing a glimpse at an economics that ... Read more