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Demographics and Institutions

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dc.contributor.author Bates, Robert
dc.contributor.author Shepsle, Kenneth A.
dc.date.accessioned 2010-02-04T19:39:45Z
dc.date.available 2010-02-04T19:39:45Z
dc.date.issued 1995 en_US
dc.identifier.uri https://hdl.handle.net/10535/5499
dc.description.abstract "Douglass North transformed his field. He first encountered economic history as a branch of economics; his work has reconstituted it as a branch of political economy. Economic historians focus on endowments, technologies, preferences and the operations of markets, and seek, among other things, to explain rates and patterns of economic growth. North introduced another factor -- the society's endowment of institutions. In a variety of studies, he argues that societies with similar economic endowments would vary in their economic performance, should their institutions differ. Societies with institutions that safeguarded property rights; equated the social and private returns to productive effort; reduced the costs of transacting; or facilitated the making of credible commitments would elicit higher rates of economic growth, all else being equal, than would societies lacking such institutions. It is governments that create institutions, or that provide the legal framework that empowers them. Thus did North's insight encourage those trained as political scientists — Barry Weingast, Margaret Levi, Jean-Laurent Rosenthal, and others — to turn to economic history, or to the adjacent field of development." en_US
dc.language English en_US
dc.subject institutional analysis en_US
dc.subject economic theory en_US
dc.subject North, Douglass en_US
dc.subject property rights en_US
dc.title Demographics and Institutions en_US
dc.type Conference Paper en_US
dc.type.published unpublished en_US
dc.type.methodology Case Study en_US
dc.subject.sector Theory en_US
dc.identifier.citationconference Frontiers of Economics Conference en_US
dc.identifier.citationconfdates March 17-19, 1995 en_US
dc.identifier.citationconfloc Washington University, St. Louis, MO en_US

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