Understanding the Process of Economic Change
By Douglass C. North
Develops a way of understanding the process by which economies change. This book explains how different societies arrive at the institutional infrastructure that determines their economic trajectories. It argues that economic change depends on 'adaptive efficiency,' a society's effectiveness in creating institutions that are productive and stable.
- ISBN:
- 9780691118055
- Format:
- Hardback
- Pages:
- 200
- Published:
- Publisher:
- Princeton University Press
- Imprint:
- Princeton University Press
- Weight:
- 454 g