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020			_a9780691145952
040			_aIN-BhIIT
041			_aeng
082			_a330.1 _bNOR/U
100			_aNorth, Douglass C. _eAuthor _917607
245			_aUnderstanding the process of economic change/ _cDouglass C. North
260			_aNew Delhi : _bAcademic Foundation, _c2005.
300			_axi, 187 p. ; _c23 cm
504			_aInclude Bibliography and Index
520			_a"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
650			_aEconomics--Sociological aspects _93539
650			_aEvolutionary economics _917905
650			_anstitutional economics _917906
942			_cTRB _01
999			_c12235 _d12235