Description: Please refer to the section BELOW (and NOT ABOVE) this line for the product details - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Title:Understanding The Process Of Economic ChangeISBN13:9780691145952ISBN10:0691145954Author:North, Douglass C. (Author)Description: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 Binding:Paperback, PaperbackPublisher:PRINCETON UNIV PRPublication Date:2010-05-05Weight:0.7 lbsDimensions:0.6'' H x 9.1'' L x 6'' WNumber of Pages:200Language:English
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Book Title: Understanding The Process Of Economic Change
Number of Pages: 200 Pages
Language: English
Publication Name: Understanding the Process of Economic Change
Publisher: Princeton University Press
Publication Year: 2010
Item Height: 0.7 in
Subject: Economics / General, Economics / Theory
Item Weight: 11 Oz
Type: Textbook
Item Length: 9.2 in
Subject Area: Business & Economics
Author: Douglass C. North
Series: The Princeton Economic History of the Western World Ser.
Item Width: 6.2 in
Format: Trade Paperback
