Product Description: This book presents a model for examining problems of institutional change and applies it to American economic development in the nineteenth and twentieth centuries. The authors develop their model of institutional change. They argue that if external economic factors make an increase in income possible but not attainable within the existing institutional structure, new organizations must be developed to achieve the potential in income...read more

Product Description: Douglass C. North expone en esta obra el marco analítico para explicar las formas en que las instituciones y los cambios institucionales afectan a la economía. Dice North que las instituciones existen debido a la incertidumbre que implica la interacción humana...read more