(Ebook PDF) Institutions Institutional Change and Economic Performance 1st edition by Douglass North 0511251785 9780511251788 full chapters

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ISBN-10 ‏ : ‎0511251785 

ISBN-13 ‏ : ‎ 9780511251788

Author :  Douglass C. North 

Continuing 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 exist, he argues, due to the uncertainties involved in human interaction; they are the constraints devised to structure that interaction. 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. North first explores the nature of institutions and explains the role of transaction and production costs in their development. The second part of the book deals with institutional change. Institutions create the incentive structure in an economy, and organisations will be created to take advantage of the opportunities provided within a given institutional framework. North argues that the kinds of skills and knowledge fostered by the structure of an economy will shape the direction of change and gradually alter the institutional framework. He then explains how institutional development may lead to a path-dependent pattern of development. In the final part of the book, North explains the implications of this analysis for economic theory and economic history. He indicates how institutional analysis must be incorporated into neo-classical theory and explores the potential for the construction of a dynamic theory of long-term economic change. Douglass C. North is Director of the Center of Political Economy and Professor of Economics and History at Washington University in St. Louis. He is a past president of the Economic History Association and Western Economics Association and a Fellow, American Academy of Arts and Sciences. He has written over sixty articles for a variety of journals and is the author of The Rise of the Western World: A New Economic History (CUP, 1973, with R.P.

Institutions, Institutional Change and Economic Performance 1st Table of contents:

Part I Institutions
1 An introduction to institutions and institutional change
I
II
2 Cooperation: the theoretical problem
I
II
3 The behavioral assumptions in a theory of institutions
I
II
III
IV
V
4 A transaction cost theory of exchange
I
II
III
IV
5 Informal constraints
I
II
III
IV
6 Formal constraints
I
II
III
IV
7 Enforcement
I
II
III
8 Institutions and transaction and transformation costs
I
II
III
IV
Part II Institutional change
9 Organizations, learning, and institutional change
I
II
III
IV
10 Stability and institutional change
I
II
III
IV
11 The path of institutional change
I
II
III
IV
V
VI
Part III Economic performance
12 Institutions, economic theory, and economic performance
I
II
III
The background
The institutional framework
The organizational implications
Path dependence
The downstream consequences
13 Stability and change in economic history
I
II
III
IV
V
14 Incorporating institutional analysis into economic history: prospects and puzzles
I
II
III
IV

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