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| Author | : Douglass C. North |
| Publisher | : Cambridge University Press |
| Total Pages | : 164 |
| Release | : 1990-10-26 |
| Genre | : Political Science |
| ISBN | : 9780521397346 |
An analytical framework for explaining the ways in which institutions and institutional change affect the performance of economies is developed in this analysis of economic structures.
| Author | : Douglass C. North |
| Publisher | : Princeton University Press |
| Total Pages | : 200 |
| Release | : 2010-05-09 |
| Genre | : Business & Economics |
| ISBN | : 0691145954 |
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.
| Author | : Jean-Marie Baland |
| Publisher | : Princeton University Press |
| Total Pages | : 786 |
| Release | : 2020-01-21 |
| Genre | : Business & Economics |
| ISBN | : 0691191212 |
"The essential role institutions play in understanding economic development has long been recognised and has been closely studied across the social sciences but some of the most high profile work has been done by economists many of whom are included in this collection covering a wide range of topics including the relationship between institutions and growth, educational systems, the role of the media and the intersection between traditional systems of patronage and political institutions. Each chapter covers the frontier research in its area and points to new areas of research and is the product of extensive workshopping and editing. The editors have also written an excellent introduction which brings together the key themes of the handbook. The list of contributors is stellar (Steven Durlauf, Throsten Beck, Bob Allen,and includes a diverse mix of Western and non Western, male and female scholars)"
| Author | : Ha-Joon Chang |
| Publisher | : Anthem Press |
| Total Pages | : 327 |
| Release | : 2007-11-15 |
| Genre | : Business & Economics |
| ISBN | : 0857286978 |
‘Institutional Change and Economic Development’ discusses not just theoretical issues but a diverse range of real-life institutions – political, bureaucratic, fiscal, financial, corporate, legal, social and industrial – in the context of dozens of countries across time and space, spanning Britain, Switzerland and the USA in the past to Botswana, Brazil, and China today.
| Author | : L. E. Davis |
| Publisher | : CUP Archive |
| Total Pages | : 304 |
| Release | : 1971-09-24 |
| Genre | : Business & Economics |
| ISBN | : 9780521081115 |
This book presents a model for examining problems of institutional change and applies it to American economic development in the nineteenth and twentieth centuries. The authors develop their model of institutional change. They argue that if external economic factors make an increase in income possible but not attainable within the existing institutional structure, new organizations must be developed to achieve the potential in income. Their model is designed to explain the type and timing of these necessary changes in institutional organization. Individual, voluntary cooperative, and governmental arrangements are included in the discussion, although the latter differs considerably from the first two.
| Author | : Richard N. Langlois |
| Publisher | : Routledge |
| Total Pages | : 364 |
| Release | : 1995-07-06 |
| Genre | : Business & Economics |
| ISBN | : 1134804962 |
Traditonal western forms of corporate organization have been called into question by the success of Japanese keiretsu. Firms, Markets and Economic Change draws on industrial economics, business strategy, and economic history to develop an evolutionary model to show when innovation is best undertaken. The authors argue that innovation is a complex p
| Author | : Michael G. Heller |
| Publisher | : Routledge |
| Total Pages | : 333 |
| Release | : 2009-09-10 |
| Genre | : Business & Economics |
| ISBN | : 1135214999 |
In this forthright challenge to relativist economic recipes for growth and culturalist-incrementalist views in institutional economics, Heller draws on Weber, Schumpeter, and Hayek to present a new universalistic vision of capitalism's depersonalized institutions as well as the ideological policies needed during constructed capitalist transitions.
| Author | : Stanley L. Engerman |
| Publisher | : Cambridge University Press |
| Total Pages | : 449 |
| Release | : 2012 |
| Genre | : Business & Economics |
| ISBN | : 1107009553 |
Examines differences in the rates of economic growth in Latin America and mainland North America since the seventeenth century.
| Author | : Elena G. Popkova |
| Publisher | : Walter de Gruyter GmbH & Co KG |
| Total Pages | : 190 |
| Release | : 2021-06-08 |
| Genre | : Business & Economics |
| ISBN | : 3110699915 |
The strategies and practical approaches for socio-economic development are undergoing systemic changes under the influence of new developments in global economic systems and markets. The most significant factors influencing such changes are connected to the start of the Fourth Industrial Revolution (Industry 4.0), which is impacting all economic systems to a greater or lesser extent. The creation of the digital economy and transition to Industry 4.0 particularly increases the significance of hi-tech for socio-economic development. Secondly, there is now a transition underway from a period of unlimited globalization and comprehensive integration to more limited globalization and selective economic integration. The growing importance of regionalization on the global economic system is manifested in the formation and rapid development of new integration unions at the regional or country level (e.g., the EU and the EAEU), and company level (e.g., regional sectoral economic clusters, special economic areas, technological parks, and innovative networks). Thirdly, there’s an urgent need for faster innovation, which leads to the formation of more innovative economies. The global financial crisis drew attention to the problems of managing sustainability and achieving balance in socio-economic development. The formation and exponential growth of the information society, based on digital technologies, is now stimulating the growth and significance of corporate social and environmental responsibility as a prerequisite for entrepreneurial success. Thus, the paradigm of socio-economic development is changing from absolute rationality (economic effectiveness) and stability – which has historically been associated with problems of stagnation – to responsibility (limited and socially-oriented rationality) and dynamism (quick innovative development based on leading technologies). This book aims to provide a scientific substantiation for this new paradigm.
| Author | : Douglass Cecil North |
| Publisher | : W. W. Norton |
| Total Pages | : 228 |
| Release | : 1981 |
| Genre | : Business & Economics |
| ISBN | : 9780393952414 |
In this bold, sweeping study of the development of Western economies, Douglass C. North sets forth a new view of societal change.
