Institutions, institutional change, and economic performance / Douglass C. North.

Format:

Book

Author/Creator:

North, Douglass C. (Douglass Cecil)

Contributor:

John Lammey Stewart Memorial Library Fund.

Series:

Political economy of institutions and decisions

Political economy of institutions and decisions.

Language:

English

Subjects (All):

Institutional economics.

Organizational change.

Economic development.

Physical Description:

viii, 152 pages ; 24 cm.

Place of Publication:

Cambridge [England] ; New York : Cambridge University Press, 1990.

Summary:

Continuing his groundbreaking analysis of economic structures, Douglass North here 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 other economies develop institutions that produce stagnation.

Notes:

Includes bibliographical references (pages 141-146) and index.

Local Notes:

Acquired for the Penn Libraries with assistance from the John Lammey Stewart Memorial Library Fund.

ISBN:

0521394163

0521397340

OCLC:

21293340