Institutional Change and American Economic Growth

Institutional Change and American Economic Growth

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Overview

Institutional Change and American Economic Growth by L. E. Davis, 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. 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.

Product Details

ISBN-13: 9780521086370
Publisher: Cambridge University Press
Publication date: 12/11/2008
Pages: 292
Product dimensions: 5.90(w) x 9.00(h) x 0.90(d)

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