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The Evolution Of Efficient Markets In History

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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

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