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INSTITUTIONS INSTITUTIONAL CHANGES AND ECONOMIC PERFORMANCE
NORTH D. wydawnictwo: CAMBRIDGE , rok wydania 1990, wydanie I cena netto: 98.00 Twoja cena 93,10 zł + 5% vat - dodaj do koszyka 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. 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.)
Table of Contents
Part I. Institutions:
1. An introduction to institutions and institutional change;
2. Cooperation: the theoretical problem;
3. The behavioural assumptions in a theory of institutions;
4. A transaction cost theory of exchange;
5. Informal constraints;
6. Formal constraints;
7. Enforcement;
8. Institutions and transaction and transformation costs;
Part II. Institutional Change:
9. Organizations, learning, and institutional change;
10. Stability and institutional change;
11. The path of institutional change;
Part III. Economic Performance:
12. Institutions, economic theory, and economic performance;
13. Stablity and change in economic history;
14. Incorporating institutional analysis into economic history: prospects and puzzles
Paperback
187 pages
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