[Library ebook] Institutions, Institutional Change and Economic Performance (Political Economy of Institutions and Decisions)
☆ Douglass C. North ☆
#330490 in eBooks 1990-10-26 1990-10-26File Name: B00AKE1RSA
4 of 5 people found the following review helpful. Economics goes back to common sense and historyBy Guillermo MaynezThis is the great founding book in systematic and specific study of institutions as a determinant factor in the economic performance of a nation (or any other kind of polity). The author is a Nobel prize winner, and his book is characterized by an economy of words, as well as precission and clarity in his thought. Although it would seem obvious that institutions play a decisive ro"At a time when economic and political institutions are being reformed and replaced all over the world, North's book is required reading for all social scientists and policy makers." T.N. Srinivasan, Yale University"North here draws upon the literature concerning the formation of economic institutContinuing 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 ... [PDF.hu17] Institutions, Institutional Change and Economic Performance (Political Economy of Institutions and Decisions) Rating: 4.59 (419 Votes)
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