Douglass C. North's Books

Understanding the Process of Economic Change

By: Douglass Cecil North

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Understanding the Process of Economic Change

By: Douglass Cecil North

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 on "adaptive efficiency," a society's effectiveness in creating institutions that are productive, stable, fair, and broadly accepted--and, importantly, flexible enough to be changed or replaced in response to political and economic feedback. While adhering to his earlier definition of institutions as the formal and informal rules that constrain human economic behavior, he extends his analysis to explore the deeper determinants of how these rules evolve and how economies change. Drawing on recent work by psychologists, he identifies intentionality as the crucial variable and proceeds to demonstrate how intentionality emerges as the product of social learning and how it then shapes the economy's institutional foundations and thus its capacity to adapt to changing circumstances. 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.

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187

Published Date

ISBN 10

0691118051

ISBN 13

9780691118055

Institutions, Institutional Change and Economic Performance

By: Douglass C. North

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Institutions, Institutional Change and Economic Performance

By: Douglass C. North

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.

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164

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Cambridge University Press

Published Date

ISBN 10

0521397340

ISBN 13

9780521397346

Understanding the Process of Economic Change

By: Douglass C. North

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Understanding the Process of Economic Change

By: Douglass C. North

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200

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Princeton University Press

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ISBN 10

0691145954

ISBN 13

9780691145952

Institutions, Institutional Change and Economic Performance

By: Douglass C. North

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Institutions, Institutional Change and Economic Performance

By: Douglass C. North

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.)

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231

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Cambridge University Press

Published Date

ISBN 10

1139642960

ISBN 13

9781139642965

Institutional Change and American Economic Growth

By: L. E. Davis,Douglass C. North,Calla Smorodin

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Institutional Change and American Economic Growth

By: L. E. Davis,Douglass C. North,Calla Smorodin

This book presents a model for examining problems of institutional change and applies it to American economic development in the nineteenth and twentieth centuries. The authors develop their model of institutional change. They argue that if external economic factors make an increase in income possible but not attainable within the existing institutional structure, new organizations must be developed to achieve the potential in income. Their model is designed to explain the type and timing of these necessary changes in institutional organization. Individual, voluntary cooperative, and governmental arrangements are included in the discussion, although the latter differs considerably from the first two.

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304

Publisher

CUP Archive

Published Date

ISBN 10

0521081114

ISBN 13

9780521081115

The Rise of the Western World

A New Economic History

By: Douglass C. North,Robert Paul Thomas

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The Rise of the Western World

A New Economic History

By: Douglass C. North,Robert Paul Thomas

First published in 1973, this is a radical interpretation, offering a unified explanation for the growth of Western Europe between 900 A. D. and 1700, providing a general theoretical framework for institutional change geared to the general reader.

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184

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Cambridge University Press

Published Date

ISBN 10

1107469430

ISBN 13

9781107469433

Violence and Social Orders

A Conceptual Framework for Interpreting Recorded Human History

By: Douglass C. North,John Joseph Wallis,Barry R. Weingast

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Violence and Social Orders

A Conceptual Framework for Interpreting Recorded Human History

By: Douglass C. North,John Joseph Wallis,Barry R. Weingast

All societies must deal with the possibility of violence, and they do so in different ways. This book integrates the problem of violence into a larger social science and historical framework, showing how economic and political behavior are closely linked. Most societies, which we call natural states, limit violence by political manipulation of the economy to create privileged interests. These privileges limit the use of violence by powerful individuals, but doing so hinders both economic and political development. In contrast, modern societies create open access to economic and political organizations, fostering political and economic competition. The book provides a framework for understanding the two types of social orders, why open access societies are both politically and economically more developed, and how some 25 countries have made the transition between the two types.

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309

Publisher

Cambridge University Press

Published Date

ISBN 10

1139476068

ISBN 13

9781139476065

Political Institutions and Financial Development

By: Stephen H. Haber,Douglass Cecil North,Barry R. Weingast

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Political Institutions and Financial Development

By: Stephen H. Haber,Douglass Cecil North,Barry R. Weingast

The essays in this volume employ the insights and techniques of political science, economics and history to provide a fresh answer to this question.

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Page Count

330

Publisher

Stanford University Press

Published Date

ISBN 10

0804756929

ISBN 13

9780804756921

Structure and Change in Economic History

By: Douglass Cecil North

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Structure and Change in Economic History

By: Douglass Cecil North

In this bold, sweeping study of the development of Western economies, Douglass C. North sets forth a new view of societal change.

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228

Publisher

W. W. Norton

Published Date

ISBN 10

039395241X

ISBN 13

9780393952414

Primary Science for the Caribbean

Essential Examination Practice

By: Trevor Garcia,Raphael Douglass

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Primary Science for the Caribbean

Essential Examination Practice

By: Trevor Garcia,Raphael Douglass

Essential Examination Practice is a collection of revision questions designed to prepare pupils for the Common Entrance Science exam. This new book will help pupils pass the exam by giving them extra practice in answering Common Entrance-type questions.

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Heinemann

Published Date

ISBN 10

0435980882

ISBN 13

9780435980887

Understanding the Process of Economic Change

By: Douglass C. North

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Understanding the Process of Economic Change

By: Douglass C. North

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200

Publisher

Princeton University Press

Published Date

ISBN 10

1400829488

ISBN 13

9781400829484

Violence and Social Orders

A Conceptual Framework for Interpreting Recorded Human History

By: Douglass C. North,John Joseph Wallis,Barry R. Weingast

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Violence and Social Orders

A Conceptual Framework for Interpreting Recorded Human History

By: Douglass C. North,John Joseph Wallis,Barry R. Weingast

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309

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Cambridge University Press

Published Date

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1139476068

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9781139476065

Book's by Douglass C. North

Understanding the Process of Economic Change

Understanding the Process of Economic Change

Institutions, Institutional Change and Economic Performance

Institutions, Institutional Change and Economic Performance

Understanding the Process of Economic Change

Understanding the Process of Economic Change

Institutions, Institutional Change and Economic Performance

Institutions, Institutional Change and Economic Performance

Institutional Change and American Economic Growth

Institutional Change and American Economic Growth

The Rise of the Western World

The Rise of the Western World

Violence and Social Orders

Violence and Social Orders

Political Institutions and Financial Development

Political Institutions and Financial Development

Structure and Change in Economic History

Structure and Change in Economic History

Primary Science for the Caribbean

Primary Science for the Caribbean

Understanding the Process of Economic Change

Understanding the Process of Economic Change

Violence and Social Orders

Violence and Social Orders

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