Institutions, Institutional Change and Economic Performance

E579978

Institutions, Institutional Change and Economic Performance is a seminal book by economist Douglass C. North that analyzes how formal and informal institutions shape long-term economic development and historical change.

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Predicate Object
instanceOf book
academicDiscipline economic history
economics
political economy
addresses constraints on economic actors created by institutions
differences in economic performance across countries
incremental nature of institutional change
role of ideology in institutional change
author Douglass C. North NERFINISHED
contribution explanation of how institutions shape incentives and outcomes
foundation for modern institutional economics
framework for analyzing institutional change over time
countryOfOrigin United States of America
surface form: United States
emphasizes importance of property rights structures
importance of transaction costs
interdependence of political and economic institutions
role of enforcement mechanisms
focusesOn historical evolution of institutions
interaction between organizations and institutions
long-term economic growth
role of the state in defining and enforcing property rights
genre economics book
institutional economics literature
influencedBy Ronald Coase NERFINISHED
property rights theory
public choice theory
transaction cost economics
language English
mainSubject economic development
economic history
economic performance
institutional change
institutions
new institutional economics
notableFor influence on development economics
influence on political economy
systematic analysis of formal and informal rules
proposesConcept adaptive efficiency
distinction between formal and informal institutions
institutional constraints on economic performance
institutions as rules of the game
path dependence in institutional development
publicationYear 1990
publisher Cambridge University Press NERFINISHED
relatedWorkOfAuthor Structure and Change in Economic History NERFINISHED
Understanding the Process of Economic Change NERFINISHED
theoreticalFramework new institutional economics

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Douglass C. North notableWork Institutions, Institutional Change and Economic Performance