Understanding the process of economic change
- New Delhi Academic Foundation 2006
- xi,187p. 24 cm ; Hard Bound
Rs.695/-
The issues involved in understanding economic change -- Uncertainty in a non-ergodic world -- Belief systems, culture, and cognitive science -- Consciousness and human intentionality -- The scaffolds humans erect -- Taking stock -- The road ahead -- The evolving human environment -- The sources of order and disorder -- Getting it right and getting it wrong -- The rise of the Western world -- The rise and fall of the Soviet Union -- Improving economic performance -- Where are we going?
In this landmark work, a Nobel-prize-winning economist develops a new way of understanding the process by which economies change. Douglass North inspired a revolution in economic history a generation ago by demonstrating that economic performance is determined largely by the kind and quality of institutions that support markets. As he showed in two now classic books that inspired the New Institutional Economics
978-8171885284
Economic Development Evolutionary economics Economics--Sociological aspects