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Book Cover
eBook/eMedia
Author North, Douglass C.

Title Institutions, institutional change and economic performance [electronic resource] / Douglass C. North.

Imprint Old Saybrook, Conn. : Tantor Media ; [Prince Frederick, Md.] : [Distributed by] RBdigital, 2019, p2019.

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Description 1 online resource.
Note Unabridged.
System Details Mode of access: World Wide Web.
Requires RBdigital Media Manager.
System requirements: 200 MB of free disk space, 512 MB of RAM, Windows Installer 3.1, Microsoft .NET Framework 4 (x86 and x64), Windows Media Player 10 QA.
Note Downloadable audio file.
Title from title screen.
Access Access restricted to subscribing institutions.
Performer Narrated by Mike Chamberlain.
Form Downloadable applications available for access via iOS 4.0+ devices (iPhone, iPad, iPod Touch) and Android 2.1+ devices.
Summary 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.Institutions exist 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 organizations 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.
Subject Political science.
Genre/Form Audiobooks.
Added Author Chamberlain, Mike. Narrator.
Tantor Media.
ISBN 9781618034731
Music No. Z100155690 Recorded Books

 
    
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