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On the evolutionary character of North's idea of institutional change

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  • ZOUBOULAKIS, MICHEL

Abstract

The main objective is to discuss the historical-evolutionary character of the latest work of Douglass North. His views have been lately criticized, especially as far as their historical insight is concerned, as well as the nature of the concepts and the ideas he used. Three interconnected arguments dealing with North's neoclassical roots, his individualistic point of departure and his inclination to universalistic explanations sustain this allegation, and they will be presented in the first part. In the second part, a response to these arguments is suggested. Finally, the evolutionary character of his later work is discussed and established in the last part. It is held that by introducing ‘culture’ into the heart of the analysis of institutional change, North is oriented toward context dependent and consequently historically specific explanations.

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  • Zouboulakis, Michel, 2005. "On the evolutionary character of North's idea of institutional change," Journal of Institutional Economics, Cambridge University Press, vol. 1(2), pages 139-153, December.
    • Handle: RePEc:cup:jinsec:v:1:y:2005:i:02:p:139-153_00
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    Cited by:

    1. Ambrosino, Angela & Fiori, Stefano, 2017. "How Can Formal Norms Change Informal Norms? Douglass North’s Approach to Ideologies and Institutional Change," Department of Economics and Statistics Cognetti de Martiis. Working Papers 201707, University of Turin.
    2. Kwangsu Kim, 2014. "Adam Smith's and Douglass North's Multidisciplinary Approach to Economic Development," American Journal of Economics and Sociology, Wiley Blackwell, vol. 73(1), pages 3-31, January.
    3. Zweynert, Joachim, 2007. "Interests versus culture in the theory of institutional change?," HWWI Research Papers 5-3, Hamburg Institute of International Economics (HWWI).

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