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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 ...

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    • Title: Institutions, Institutional Change and Economic Performance by Douglass C. North
    • Publisher: Cambridge University Press
    • Print ISBN: 9780521394161, 0521394163
    • eText ISBN: 9780511251788
    • Edition: 1990
    • Format: PDF eBook
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