Understanding the process of economic change

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1. Verfasser: North, Douglass Cecil 1920-2015 (VerfasserIn)
Format: Buch
Sprache:English
Veröffentlicht: Princeton ; Oxford Princeton University Press [2005]
Schriftenreihe:Princeton economic history of the Western world
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Datensatz im Suchindex

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adam_text 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 institu¬ tions that support markets. As he showed in two now classic books that mspired the New Institutional Economics (today a subfield of economies), property rights and transaction costs are fundamental determinants. Here, North explains how different societies arrive at the institution¬ al infrastructure that greatly determines their economic trajectories. North argues that economic change depends largely on adaptive efficiency, a society s effectiveness in creating institu¬ tions that are productive, stable, fair, and broadly accepted 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 analy¬ sis to explore the deeper determinants of how these rates evolve and how econo¬ mies change. Drawing on recent work by psychologists, he identifies intentiomedity 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 institu¬ tional change but also for the diverse per¬ formance of present-day economies. This major work is therefore also an essential guide to improving the performance of develo CONTENTS PREFACE VII CHAPTER ONE AN OUTLINE OF THE PROCESS OF ECONOMIC CHANGE 1 PART I: THE ISSUES INVOLVED IN UNDERSTANDING ECONOMIC CHANGE 9 INTRODUCTION 11 CHAPTER TWO UNCERTAINTY IN A NON-ERGODIC WORLD 13 CHAPTER THREE BELIEF SYSTEMS, CULTURE, AND COGNITIVE SCIENCE 23 CHAPTER FOUR CONSCIOUSNESS AND HUMAN INTENTIONALITY 38 CHAPTER FIVE THE SCAFFOLDS HUMANS ERECT 48 CHAPTER SIX TAKING STOCK 65 PART II: THE ROAD AHEAD 81 INTRODUCTION 83 CHAPTER SEVEN THE EVOLVING HUMAN ENVIRONMENT 87 CHAPTER EIGHT THE SOURCES OF ORDER AND DISORDER 103 CHAPTER NINE GETTING IT RIGHT AND GETTING IT WRONG 116 CONTENTS CHAPTER TEN THE RISE OF THE WESTERN WORLD 127 CHAPTER ELEVEN THE RISE AND FALL OF THE SOVIET UNION 146 CHAPTER TWELVE IMPROVING ECONOMIC PERFORMANCE 155 CHAPTER THIRTEEN WHERE ARE WE GOING? 166 BIBLIOGRAPHY 171 INDEX 183 VI
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physical xi, 187 Seiten Diagramme
publishDate 2005
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series2 Princeton economic history of the Western world
spellingShingle North, Douglass Cecil 1920-2015
Understanding the process of economic change
Wirtschaftsentwicklung (DE-588)4066438-7 gnd
Institutionenökonomie (DE-588)4027208-4 gnd
Wirtschaftssoziologie (DE-588)4066514-8 gnd
Evolutorische Wirtschaft (DE-588)4232912-7 gnd
subject_GND (DE-588)4066438-7
(DE-588)4027208-4
(DE-588)4066514-8
(DE-588)4232912-7
title Understanding the process of economic change
title_auth Understanding the process of economic change
title_exact_search 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_short Understanding the process of economic change
title_sort understanding the process of economic change
topic Wirtschaftsentwicklung (DE-588)4066438-7 gnd
Institutionenökonomie (DE-588)4027208-4 gnd
Wirtschaftssoziologie (DE-588)4066514-8 gnd
Evolutorische Wirtschaft (DE-588)4232912-7 gnd
topic_facet Wirtschaftsentwicklung
Institutionenökonomie
Wirtschaftssoziologie
Evolutorische Wirtschaft
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