On the evolutionary character of North's idea of institutional change
AbstractThe 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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Bibliographic InfoArticle provided by Cambridge University Press in its journal Journal of Institutional Economics.
Volume (Year): 1 (2005)
Issue (Month): 02 (December)
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- 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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