| dc.contributor.author |
North, Douglass C. |
en_US |
| dc.date.accessioned |
2009-07-31T15:17:06Z |
|
| dc.date.available |
2009-07-31T15:17:06Z |
|
| dc.date.issued |
1994 |
en_US |
| dc.date.submitted |
2008-03-05 |
en_US |
| dc.date.submitted |
2008-03-05 |
en_US |
| dc.identifier.uri |
https://hdl.handle.net/10535/4429 |
|
| dc.description.abstract |
"I take my text from Max Hartwell: '...but no historian has detailed the steps by which for example, the market economy was achieved in terms of government action or changing law; no historian has linked mercantilist with laissez-faire law to trace the chronology of legal and economic change. In this neglect, surely a major element for understanding of the industrial revolution has been overlooked.' And Max might have added that in consequence of our failure to analyze how a market economy was achieved in history we have not been able to provide guidance for policy makers in the present world who are attempting to restructure failed centrally planned economies. A first step in meeting Max's challenge is to delineate the institutional characteristics of market economies in order that we may then explore their historical evolution." |
en_US |
| dc.relation.ispartofseries |
Economic History, no. 9411005 |
en_US |
| dc.subject |
markets--history |
en_US |
| dc.subject |
economics |
en_US |
| dc.title |
The Evolution Of Efficient Markets In History |
en_US |
| dc.type |
Working Paper |
en_US |
| dc.subject.sector |
Theory |
en_US |
| dc.submitter.email |
efcastle@indiana.edu |
en_US |