Institutions, Institutional Change, and Economic Performance

By:

North, Douglass C

Publication details: Cambridge : Cambridge University Press, 1990Description: 152ISBN:

9780521397346

Subject(s):

DDC classification:

330.1552 NOR

Summary: 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.

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Item type	Current library	Call number	Status	Date due	Barcode	Item holds
Book	Alliance School of Liberal Arts		Available		LA03861
Book	Alliance School of Liberal Arts		Available		LA03862

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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.

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