Understanding the Process of Economic Change / / Douglass C. North.
In this landmark work, a Nobel Prize-winning economist develops a new way of understanding the process by which economies change. Douglass North inspired a revolution in economic history a generation ago by demonstrating that economic performance is determined largely by the kind and quality of inst...
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Place / Publishing House: | Princeton, NJ : : Princeton University Press, , [2010] ©2005 |
Year of Publication: | 2010 |
Edition: | Course Book |
Language: | English |
Series: | The Princeton Economic History of the Western World ;
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Physical Description: | 1 online resource (200 p.) :; 12 line illus. 1 table. |
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North, Douglass C., author. aut http://id.loc.gov/vocabulary/relators/aut Understanding the Process of Economic Change / Douglass C. North. Course Book Princeton, NJ : Princeton University Press, [2010] ©2005 1 online resource (200 p.) : 12 line illus. 1 table. text txt rdacontent computer c rdamedia online resource cr rdacarrier text file PDF rda The Princeton Economic History of the Western World ; 32 Frontmatter -- Contents -- Preface -- Chapter One. An Outline of the Process of Economic Change -- Part I. The Issues Involved in Understanding Economic Change -- Introduction -- Chapter Two. Uncertainty in a Non-ergodic World -- Chapter Three. Belief Systems, Culture, and Cognitive Science -- Chapter Four. Consciousness and Human Intentionality -- Chapter Five. The Scaffolds Humans Erect -- Chapter Six. Taking Stock -- Part II. The Road Ahead -- Introduction -- Chapter Seven. The Evolving Human Environment -- Chapter Eight. The Sources of Order and Disorder -- Chapter Nine. Getting It Right and Getting It Wrong -- Chapter Ten. The Rise of the Western World -- Chapter Eleven. The Rise and Fall of the Soviet Union -- Chapter Twelve. Improving Economic Performance -- Chapter Thirteen. Where Are We Going? -- Bibliography -- Index restricted access http://purl.org/coar/access_right/c_16ec online access with authorization star In this landmark work, a Nobel Prize-winning economist develops a new way of understanding the process by which economies change. Douglass North inspired a revolution in economic history a generation ago by demonstrating that economic performance is determined largely by the kind and quality of institutions that support markets. As he showed in two now classic books that inspired the New Institutional Economics (today a subfield of economics), property rights and transaction costs are fundamental determinants. Here, North explains how different societies arrive at the institutional infrastructure that greatly determines their economic trajectories. North argues that economic change depends largely on "adaptive efficiency," a society's effectiveness in creating institutions that are productive, stable, fair, and broadly accepted--and, importantly, flexible enough to be changed or replaced in response to political and economic feedback. While adhering to his earlier definition of institutions as the formal and informal rules that constrain human economic behavior, he extends his analysis to explore the deeper determinants of how these rules evolve and how economies change. Drawing on recent work by psychologists, he identifies intentionality as the crucial variable and proceeds to demonstrate how intentionality emerges as the product of social learning and how it then shapes the economy's institutional foundations and thus its capacity to adapt to changing circumstances. Understanding the Process of Economic Change accounts not only for past institutional change but also for the diverse performance of present-day economies. This major work is therefore also an essential guide to improving the performance of developing countries. Issued also in print. Mode of access: Internet via World Wide Web. In English. Description based on online resource; title from PDF title page (publisher's Web site, viewed 30. Aug 2021) Economics Sociological aspects. Evolutionary economics. Institutional economics. BUSINESS & ECONOMICS / Economics / Theory. bisacsh Title is part of eBook package: De Gruyter Princeton University Press eBook-Package Backlist 2000-2013 9783110442502 print 9780691145952 https://doi.org/10.1515/9781400829484 https://www.degruyter.com/isbn/9781400829484 Cover https://www.degruyter.com/cover/covers/9781400829484.jpg |
language |
English |
format |
eBook |
author |
North, Douglass C., North, Douglass C., |
spellingShingle |
North, Douglass C., North, Douglass C., Understanding the Process of Economic Change / The Princeton Economic History of the Western World ; Frontmatter -- Contents -- Preface -- Chapter One. An Outline of the Process of Economic Change -- Part I. The Issues Involved in Understanding Economic Change -- Introduction -- Chapter Two. Uncertainty in a Non-ergodic World -- Chapter Three. Belief Systems, Culture, and Cognitive Science -- Chapter Four. Consciousness and Human Intentionality -- Chapter Five. The Scaffolds Humans Erect -- Chapter Six. Taking Stock -- Part II. The Road Ahead -- Chapter Seven. The Evolving Human Environment -- Chapter Eight. The Sources of Order and Disorder -- Chapter Nine. Getting It Right and Getting It Wrong -- Chapter Ten. The Rise of the Western World -- Chapter Eleven. The Rise and Fall of the Soviet Union -- Chapter Twelve. Improving Economic Performance -- Chapter Thirteen. Where Are We Going? -- Bibliography -- Index |
author_facet |
North, Douglass C., North, Douglass C., |
author_variant |
d c n dc dcn d c n dc dcn |
author_role |
VerfasserIn VerfasserIn |
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North, Douglass C., |
title |
Understanding the Process of Economic Change / |
title_full |
Understanding the Process of Economic Change / Douglass C. North. |
title_fullStr |
Understanding the Process of Economic Change / Douglass C. North. |
title_full_unstemmed |
Understanding the Process of Economic Change / Douglass C. North. |
title_auth |
Understanding the Process of Economic Change / |
title_alt |
Frontmatter -- Contents -- Preface -- Chapter One. An Outline of the Process of Economic Change -- Part I. The Issues Involved in Understanding Economic Change -- Introduction -- Chapter Two. Uncertainty in a Non-ergodic World -- Chapter Three. Belief Systems, Culture, and Cognitive Science -- Chapter Four. Consciousness and Human Intentionality -- Chapter Five. The Scaffolds Humans Erect -- Chapter Six. Taking Stock -- Part II. The Road Ahead -- Chapter Seven. The Evolving Human Environment -- Chapter Eight. The Sources of Order and Disorder -- Chapter Nine. Getting It Right and Getting It Wrong -- Chapter Ten. The Rise of the Western World -- Chapter Eleven. The Rise and Fall of the Soviet Union -- Chapter Twelve. Improving Economic Performance -- Chapter Thirteen. Where Are We Going? -- Bibliography -- Index |
title_new |
Understanding the Process of Economic Change / |
title_sort |
understanding the process of economic change / |
series |
The Princeton Economic History of the Western World ; |
series2 |
The Princeton Economic History of the Western World ; |
publisher |
Princeton University Press, |
publishDate |
2010 |
physical |
1 online resource (200 p.) : 12 line illus. 1 table. Issued also in print. |
edition |
Course Book |
contents |
Frontmatter -- Contents -- Preface -- Chapter One. An Outline of the Process of Economic Change -- Part I. The Issues Involved in Understanding Economic Change -- Introduction -- Chapter Two. Uncertainty in a Non-ergodic World -- Chapter Three. Belief Systems, Culture, and Cognitive Science -- Chapter Four. Consciousness and Human Intentionality -- Chapter Five. The Scaffolds Humans Erect -- Chapter Six. Taking Stock -- Part II. The Road Ahead -- Chapter Seven. The Evolving Human Environment -- Chapter Eight. The Sources of Order and Disorder -- Chapter Nine. Getting It Right and Getting It Wrong -- Chapter Ten. The Rise of the Western World -- Chapter Eleven. The Rise and Fall of the Soviet Union -- Chapter Twelve. Improving Economic Performance -- Chapter Thirteen. Where Are We Going? -- Bibliography -- Index |
isbn |
9781400829484 9783110442502 9780691145952 |
callnumber-first |
H - Social Science |
callnumber-subject |
HB - Economic Theory and Demography |
callnumber-label |
HB97 |
callnumber-sort |
HB 297.3 N67 42005EB |
url |
https://doi.org/10.1515/9781400829484 https://www.degruyter.com/isbn/9781400829484 https://www.degruyter.com/cover/covers/9781400829484.jpg |
illustrated |
Illustrated |
dewey-hundreds |
300 - Social sciences |
dewey-tens |
330 - Economics |
dewey-ones |
330 - Economics |
dewey-full |
330.1 |
dewey-sort |
3330.1 |
dewey-raw |
330.1 |
dewey-search |
330.1 |
doi_str_mv |
10.1515/9781400829484 |
oclc_num |
979968440 |
work_keys_str_mv |
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status_str |
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ids_txt_mv |
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cr |
hierarchy_parent_title |
Title is part of eBook package: De Gruyter Princeton University Press eBook-Package Backlist 2000-2013 |
is_hierarchy_title |
Understanding the Process of Economic Change / |
container_title |
Title is part of eBook package: De Gruyter Princeton University Press eBook-Package Backlist 2000-2013 |
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