Institutions, Institutional Change and Economic Performance
Normal Price: $45.95
Your Price: $41.36 AUD, inc. GST
Shipping: $7.95 per order
You Save: $4.59! (10% off normal price)
Plus...earn $2.07 in Boomerang Bucks
Availability: Available, ships in 7-10 days
Institutions, Institutional Change and Economic Performance by Douglass C. North
Book DescriptionContinuing 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.)
Buy Institutions, Institutional Change and Economic Performance book by Douglass C. North from Australia's Online Bookstore, Boomerang Books.
Book DetailsISBN: 9780521397346
(228mm x 152mm x 15mm)
Imprint: Cambridge University Press
Publisher: Cambridge University Press
Publish Date: 26-Oct-1990
Country of Publication: United Kingdom
Books By Author Douglass C. North
Violence and Social Orders, Paperback (December 2012)
This book integrates the problem of violence into a larger framework, showing how economic and political behavior are closely linked.
In the Shadow of Violence, Hardback (November 2012)
This book explains how political control of economic privileges is used to limit violence and coordinate coalitions of powerful organizations.
Understanding the Process of Economic Change, Paperback (April 2010)
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'.
Institutional Change and American Economic Growth, Paperback (December 2008)» View all books by Douglass C. North
This book presents a model for examining problems of institutional change and applies it to American economic development in the nineteenth and twentieth centuries.
» Have you read this book? We'd like to know what you think about it - write a review about Institutions, Institutional Change and Economic Performance book by Douglass C. North and you'll earn 50c in Boomerang Bucks loyalty dollars (you must be a member - it's free to sign up!)
Bestselling Books: Our Current Bestsellers | Australia's Hottest 1000 Books | Bestselling Fiction | Bestselling Crime Mysteries and Thrillers | Bestselling Non Fiction Books | Bestselling Sport Books | Bestselling Gardening and Handicrafts Books | Bestselling Biographies | Bestselling Food and Drink | Bestselling History | Bestselling Travel Books | Bestselling School Textbooks & Study Guides | Bestselling Children's General Non-Fiction | Bestselling Young Adult Fiction | Bestselling Children's Fiction | Bestselling Picture Books | Top 100 US Bestsellers
Phone: 1300 36 33 32 (9am-5pm Mon-Fri AEST) - International: +61 2 9960 7998 - Online Form
Address: Boomerang Books, 878 Military Road, Mosman Junction, NSW, 2088
© 2003-2017. All Rights Reserved. Eclipse Commerce Pty Ltd - ACN: 122 110 687 - ABN: 49 122 110 687
For every $20 you spend on books, you will receive $1 in Boomerang Bucks loyalty dollars. You can use your Boomerang Bucks as a credit towards a future purchase from Boomerang Books. Note that you must be a Member (free to sign up) and that conditions do apply.