|
|
|
PDF
|
|
Type:
|
Working Paper |
|
Author:
|
North, Douglass C. |
|
Date:
|
1994 |
|
Agency:
|
|
|
Series:
|
Economic History, no. 9412001 |
|
URI:
|
https://hdl.handle.net/10535/4102
|
|
Sector:
|
Theory |
|
Region:
|
|
|
Subject(s):
|
institutional analysis
institutional change
|
|
Abstract:
|
"In the following pages, I sketch out a framework for analyzing institutions. This framework builds on the economic theory of choice subject to constraints. However it incorporates new assumptions about both the constraints that individuals face and the process by which they make choices within those constraints. Too many gaps still remain in our understanding of this new approach to call it a theory. What I do provide are a set of definitions, principles, and a structure which provide much of the scaffolding necessary to develop a theory of institutional change."
|