![]() ![]() Yet, institutions vary widely in their consequences for economic performance some economies develop institutions that produce growth and development, while others develop institutions that produce stagnation. ![]() Institutions exist, he argues, due to the uncertainties involved in human interaction they are the constraints devised to structure that interaction. Incorporating institutional analysis into economic history: prospects and puzzles.Ĭontinuing his groundbreaking analysis of economic structures, Douglass North develops an analytical framework for explaining the ways in which institutions and institutional change affect the performance of economies, both at a given time and over time. Institutions, economic theory, and economic performance Organizations, learning, and institutional change Institutions and transaction and transformation costs The behavioural assumptions in a theory of institutions An introduction to institutions and institutional change Bibliography Includes bibliographical references (p. ![]()
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