Everand Logo

Welcome to Everand!

  • Discover millions of ebooks, audiobooks, and so much more with a free trial

    Only $11.99/month after trial. Cancel anytime.

    Institutions, Institutional Change and Economic Performance
    Institutions, Institutional Change and Economic Performance
    Institutions, Institutional Change and Economic Performance
    Audiobook7 hours

    Institutions, Institutional Change and Economic Performance

    Written by Douglass C. North

    Narrated by Mike Chamberlain

    3.5/5

    ()

    About this audiobook

    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.
    LanguageEnglish
    PublisherTantor Media, Inc
    Release dateDec 19, 2019
    ISBN9781515945246
    Institutions, Institutional Change and Economic Performance

    Related to Institutions, Institutional Change and Economic Performance

    Related audiobooks

    Politics For You

    View More
    View More

    Related podcast episodes

    Related articles

    • Article

      The New Intellectuals

      May 8, 2017

      The New Intellectuals
      4 min read

    • Article

      Ideologies, Institutions, and Interests: Why Economic Ideas Don’t Compete on a Level Playing Field

      Jul 1, 2020

      Economists are not outside of the economy; they are part and parcel of it.... The economist is a rational, maximizing individual, subject to the predictions of economic science. In this sense there is no way that the economist cannot be influenced by

      24 min read

    • Article

      Capitalism Under Pressure: Why CEOs Rethink Corporate Purpose

      Sep 3, 2019

      When 181 CEOs at the Business Roundtable’s revised their view of a corporation’s purpose, it reflected social changes since the Great Recession.

      6 min read

    • Article

      The Ideological Commissar And The Institutionalization Of Indoctrination

      Jul 18, 2022

      The social organization of indoctrination and propaganda is a well-known and yet a very little understood phenomenon. It is a commonplace to note that political systems have embedded into their structures distinctive organizational arrangements whose

      36 min read

    • Article

      Introduction: Symposium On Polycentric Systems In A Free Society

      Sep 1, 2020

      A polycentric system is one where there are numerous decision-making units, each with autonomy in action, operating within a shared set of rules. A polycentric order stands in contrast to a monocentric order, where there is a single centralized decis

      7 min read

    • Article

      Q&A

      May 1, 2022

      You describe yourself as an anthropologist working the context of innovation. Describe the links between the two fields. At the highest level, both Anthropology and innovation involve an innate sense of curiosity that allows us to question assumption

      6 min read

    • Article

      The Critical Role of Context in Behaviour Change

      Jan 1, 2022

      WHETHER IT’S A NEW PROJECT management platform or a complete company restructure, when organizations attempt to implement change, more often than not they are met with resistance. The question is why. The fact is, there is always a portion of people

      7 min read

    • Article

      Tips For Scientists To Work Effectively With Communities

      Apr 11, 2023

      How can scientists best serve communities with their expertise? Science Network guest blogger Nancy Holt provides her experience and tips.

      2 min read

    • Article

      Elinor Ostrom’s Governing the Commons: Institutional Diversity, SelfGovernance, and Tragedy Diverted

      Jan 1, 2020

      Just thirty years ago, virtually every common-pool resource (CPR) setting was viewed as a tragedy waiting to happen or an opportunity for the state to swoop in to save the day with a regulatory plan limiting individual choices or restructuring proper

      13 min read

    • Article

      Concepts before Measurement: A Rejoinder to Ryan Murphy on the Developmental State

      Apr 9, 2024

      Ryan Murphy, who is a coauthor of the Economic Freedom of the World (EFW) index, through the use of statistical and quantitative evidence, insists that Singapore does not exhibit a high degree of state intervention, either when “developmental state c

      11 min read

    • Article

      Achieving Multiracial, Multiparty Democracy

      Jul 6, 2022

      How can we achieve substantive electoral reforms in the United States? Senior Fellow Michael Latner believes a new task force-led report from UCS can provide a roadmap.

      1 min read

    • Article

      To Rescue Democracy, Go Outside: Real spaces, not digital ones, will fix our politics.

      Oct 13, 2016

      When I see a liberal writer’s description of Donald Trump, or a conservative writer’s views of Hillary Clinton, I am embarrassed for them both. I wouldn’t let a 5-year-old child make such impolite and obviously extreme statements—and yet, today, extr

      6 min read

    • Article

      Honorable Business: A Framework for Business in a Just and Humane Society

      Jul 1, 2020

      By James R. Otteson New York: Oxford University Press, 2019. Pp. xii, 234. $35 paperback. Honorable Business: A Framework for Business in a Just and Humane Society is an ambitious and worthwhile undertaking. In it, James Otteson, director of the Euda

      5 min read

    • Article

      The Role of Storytelling in Place-Based Initiatives

      Mar 29, 2022

      ‘The term ‘place-based’… is currently used to describe a range of approaches, from grant-making in a specific geographic area to long-term, multifaceted collaborative partnerships aimed at achieving significant change. In most cases, it is more than

      9 min read

    Related categories

    Reviews for Institutions, Institutional Change and Economic Performance

    3.5/5

    20 ratings2 reviews

    What did you think?

    Tap to rate

    Review must be at least 10 words

    • 5/5
      Very insightful and thought provoking scholarly work on institutional theory.
    • 2/5
      North's work is of the utmost importance for Political Science students, particularly those in Global Politics and Comparative Politics. Though dense, North offers discussion on institutional change that all PoliSci students will be required to know and intrinsically understand.