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PDF
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Type:
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Working Paper |
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Author:
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North, Douglass C. |
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Date:
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1996 |
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Agency:
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Series:
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Economic History, no. 9612004 |
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URI:
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https://hdl.handle.net/10535/4086
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Sector:
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Region:
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Subject(s):
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economic development
economics--history
institutions--history
new institutionalism
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Abstract:
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"In this essay I propose to explore what we can and cannot learn about the way economies evolve over time. The focus of the essay is on the dynamics of change--political, social, and of course economic; and therefore the key word is time. In section I I outline the process of economic change as I understand it; in section II I specify the questions we must answer in order to understand that process; in the final section I tentatively identify which of those questions I believe are amenable to being answered with sufficient research and which I believe to be beyond our ability to answer. I need hardly add that my conclusions are highly speculative."
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