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Review
Anyone with an interest in world poverty can benefit from this carefully crafted and closely argued book. It is a pleasure and a delight to read.
(Paul Ormerod Times Higher Education )
[North] sets forth a radical reconceptualization of the task and methods of the social sciences in general and economics in particular, providing a glimpse at an economics that refuses to 'assume a can opener.'
(Will Wilkinson Cato Journal )
[This book] provides a sweeping view of the relationships among human belief systems, social institutions, and what [North] calls 'the adaptive efficiency' of societies in coping with changes in demographics, technology, and other factors.
(Richard N. Cooper Foreign Affairs )
A courageous attempt to enlarge the arsenal of theoretical tools available for economists.
(Diego Rios Journal of Evolutionary Economics )
(Paul Ormerod Times Higher Education )
[North] sets forth a radical reconceptualization of the task and methods of the social sciences in general and economics in particular, providing a glimpse at an economics that refuses to 'assume a can opener.'
(Will Wilkinson Cato Journal )
[This book] provides a sweeping view of the relationships among human belief systems, social institutions, and what [North] calls 'the adaptive efficiency' of societies in coping with changes in demographics, technology, and other factors.
(Richard N. Cooper Foreign Affairs )
A courageous attempt to enlarge the arsenal of theoretical tools available for economists.
(Diego Rios Journal of Evolutionary Economics )
Review
Just as Douglass North's earlier classic, Institutions and Institutional Change, ushered in the revolution in understanding institutions that dominated the nineties, his new book, Understanding the Process of Economic Change, seeks an equally revolutionary change. North now integrates the cognitive component into this analysis: how the mind works, how we form beliefs and understandings about the world, and how societies solve--or fail to solve--the problems they face. This book is vintage North.
(Barry Weingast, Professor of Political Science, Stanford University )
(Barry Weingast, Professor of Political Science, Stanford University )
Inside This Book
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First Sentence
UNDERSTANDING economic change including everything from the rise of the Western world to the demise of the Soviet Union requires that we cast a net much broader than purely economic change because it is a result of changes (1) in the quantity and quality of human beings; (2) in the stock of human knowledge particularly as applied to the human command over nature; and (3) in the institutional framework that defines the deliberate incentive structure of a society. Read the first page
Front Cover | Copyright | Table of Contents | Excerpt | Index
UNDERSTANDING economic change including everything from the rise of the Western world to the demise of the Soviet Union requires that we cast a net much broader than purely economic change because it is a result of changes (1) in the quantity and quality of human beings; (2) in the stock of human knowledge particularly as applied to the human command over nature; and (3) in the institutional framework that defines the deliberate incentive structure of a society. Read the first page
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Front Cover | Copyright | Table of Contents | Excerpt | Index
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