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The New Institutional Economics and Development

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Type: Working Paper
Author: North, Douglass C.
Date: 1993
Series: Economic History, no. 9309002
URI: https://hdl.handle.net/10535/4397
Sector: Theory
Subject(s): economic development
institutional economics
common pool resources
bounded rationality
Abstract: "In this essay I intend to briefly summarize the essential characteristics of the new institutional economics, to describe how it differs from neo-classical theory, and then to apply its analytical framework (as I see it) to problems of development."

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