Understanding the process of economic change/ Douglass C. North
Language: English Publication details: New Delhi : Academic Foundation, 2005.Description: xi, 187 p. ; 23 cmISBN:- 9780691145952
- 330.1 NOR/U
Item type | Current library | Home library | Collection | Call number | Status | Date due | Barcode | Item holds | |
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Central Library, IIT Bhubaneswar | Central Library, IIT Bhubaneswar | SHSSM | 330.1 NOR/U (Browse shelf(Opens below)) | Available | 10068 |
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330.028 MAD/L Limited-dependent and qualitative variables in econometrics / | 330.0954 PAN/A Arthvayavastha prashnotari / | 330.1 BOY/H Hahn and economic methodology | 330.1 NOR/U Understanding the process of economic change/ | 330.122 COL/T The future of capitalism / | 330.122 PET/E Earth capitalism : creating a new civilisation through a responsible market economy / | 330.15118 DUP/S Stochastic modeling in economics and finance / |
Include Bibliography and Index
"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." "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."--BOOK JACKET
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