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State and economics in institutionalism of Douglass North

Author

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  • Ronaldo Fiani

Abstract

Douglass North’s ideas, notwithstanding his 1993’s Nobel award are still barely known among Brazilian economists. This unawareness is deplorable not only because the relevance of his ideas to current development theory but also for his new (and rather heterodox) contribution to the analysis of the modern State’s economic role. This paper presents a synthesis of North’s discussion concerning the institutional role of the State in the economic system. It is shown that in North’s thought that role comprehends not only the enforcement of property rights but more importantly the definition and attribution of those rights. JEL Classification: B15; O43; P48.

Suggested Citation

  • Ronaldo Fiani, 2003. "State and economics in institutionalism of Douglass North," Brazilian Journal of Political Economy, Center of Political Economy, vol. 23(2), pages 324-339.
    • Handle: RePEc:ekm:repojs:v:23:y:2003:i:2:p:324-339:id:903
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    File URL: https://centrodeeconomiapolitica.org.br/repojs/index.php/journal/article/view/903/2103
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    More about this item

    Keywords

    Douglass North; State; institutionalism;
    All these keywords.

    JEL classification:

    • B15 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Historical; Institutional; Evolutionary
    • O43 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Institutions and Growth
    • P48 - Political Economy and Comparative Economic Systems - - Other Economic Systems - - - Legal Institutions; Property Rights; Natural Resources; Energy; Environment; Regional Studies

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