In: The Princeton Economic History of the Western World
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 infrastruc
In: The Princeton economic history of the western world
In: The Princeton economic history of the Western world
In: The Princeton economic history of the Western world
World Affairs Online
In: Occasional paper 106
In: Wincott memorial lecture 28
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