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Government and the Cost of Exchange in History

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Author Info
North, Douglass C.

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Abstract

A general transaction cost framework is developed to analyze the costs of exchange and the role of government in the costs of exchange. Three general types of exchange are specified: personal exchange, exchange without third-party enforcement, and exchange with third-party enforcement. The framework is then employed to analyze government and the costs of exchange in history.

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File URL: http://journals.cambridge.org/abstract_S0022050700031855
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Publisher Info
Article provided by Cambridge University Press in its journal The Journal of Economic History.

Volume (Year): 44 (1984)
Issue (Month): 02 (June)
Pages: 255-264
Download reference. The following formats are available: HTML (with abstract), plain text (with abstract), BibTeX, RIS (EndNote, RefMan, ProCite), ReDIF
Handle: RePEc:cup:jechis:v:44:y:1984:i:02:p:255-264_03

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  1. Aidan Hollis & Arthur Sweetman, 1997. "Complementarity, Competition and Institutional Development: The Irish Loan Funds through Three Centuries," Economic History 9704003, EconWPA. [Downloadable!]
  2. Munro, John H., 2007. "The usury doctrine and urban public finances in late-medieval Flanders (1220 - 1550): rentes (annuities), excise taxes, and income transfers from the poor to the rich," MPRA Paper 11012, University Library of Munich, Germany, revised Jan 2008. [Downloadable!]
  3. Oliver Volckart, 2006. "The Influence of Information Costs on the Integration of Financial Markets: Northern Europe, 1350-1560," SFB 649 Discussion Papers SFB649DP2006-049, Sonderforschungsbereich 649, Humboldt University, Berlin, Germany. [Downloadable!]
  4. Mehmet Karacuka & Martin Leroch, 2006. "Signalling in Social Networks: An Empirical Study of Denominational Fractionalization in the USA," Working Papers 0610, Ege University, Department of Economics. [Downloadable!]
  5. Aidan Hollis & Arthur Sweetman, 1996. "The Evolution of A Microcredit Institution: The Irish Loan Funds, 1720 - 1920," Working Papers ecpap-96-01, University of Toronto, Department of Economics. [Downloadable!]
  6. Munro, John H., 1999. "The Low Countries’ export trade in textiles with the Mediterranean basin, 1200-1600: a cost-benefit analysis of comparative advantages in overland and maritime trade routes," MPRA Paper 10924, University Library of Munich, Germany, revised Jul 1999. [Downloadable!]
    Other versions:
  7. Mehmet Karacuka & Martin Leroch, 2005. "Denominational Schism: An Economic Perspective," Others 0512013, EconWPA. [Downloadable!]
  8. Munro, John H., 2006. "South German silver, European textiles, and Venetian trade with the Levant and Ottoman Empire, c. 1370 to c. 1720: a non-Mercantilist approach to the balance of payments problem, in Relazione economic," MPRA Paper 11013, University Library of Munich, Germany, revised Jul 2006. [Downloadable!]
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This page was last updated on 2009-12-1.


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