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Introduction to the Douglass C. North memorial issue

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  • HODGSON, GEOFFREY M.

Abstract

This introduction considers the highly influential contribution of Douglass C. North to economic history and institutional economics, as it developed from the 1960s until his death in 2015. It sketches the evolution of his arguments concerning the roles of institutions, organizations and human agency. North's conception of the economic actor became progressively more sophisticated, by acknowledging the role of ideology and adopting insights from cognitive science. Eventually, he abandoned the proposition that institutions are generally efficient, to propose instead that sub-optimal institutional forms could persist. A few noted criticisms of North's work are also considered here, ranging from those which are arguably off the mark, to others that retain some force. The contributions to this memorial issue are outlined at the end of this introduction.

Suggested Citation

  • Hodgson, Geoffrey M., 2017. "Introduction to the Douglass C. North memorial issue," Journal of Institutional Economics, Cambridge University Press, vol. 13(1), pages 1-23, March.
  • Handle: RePEc:cup:jinsec:v:13:y:2017:i:01:p:1-23_00
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    Cited by:

    1. Dieter Bögenhold, 2021. "Economics in the Social Science Spectrum: Evolution and Overlap with Different Academic Areas," Atlantic Economic Journal, Springer;International Atlantic Economic Society, vol. 49(4), pages 335-347, December.
    2. Dieter Bögenhold, 2020. "History of Economic Thought as an Analytic Tool: why Past Intellectual Ideas Must Be Acknowledged as Lighthouses for the Future," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 26(1), pages 73-87, February.
    3. Andile Dube & Sylvester Senyo Horvey, 2023. "Institutional quality and renewable energy capital flows in Africa," Future Business Journal, Springer, vol. 9(1), pages 1-16, December.
    4. Cesaratto, Sergio, 2023. "Surplus Approach and Institutions: Where Sraffa Meets Polanyi," Centro Sraffa Working Papers CSWP61, Centro di Ricerche e Documentazione "Piero Sraffa", revised 02 May 2023.

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