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Understanding the Process of Economic Change

By Douglass C. North
eBook
$29.95
By Douglass C. North
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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 funda...

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BusinessEconomicsEconomic Theory & Schools of ThoughtEconomic Theory - General & MiscellaneousEconomics - General & Miscellaneous