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. The first part of the book expores the nature of institutions and explains the role of transaction and production costs in their development. Part II deals with institutional change and the final part covers the implications of this analysis for economic theory and economic history.North, Douglass Cecil is the author of 'Institutions, Institutional Change and Economic Performance' with ISBN 9780521394161 and ISBN 0521394163.
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