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Douglass North’s Remaking of Economic History: A Critical Appraisal

Author

Listed:
  • Dimitris Milonakis

    (Department of Economics, University of Crete, University Campus, 14100 Rethymno, Crete, Greece, milonaki@otenet.gr)

  • Ben Fine

    (Economics, SOAS, University of London, Thornhaugh St., Russell Sq., London WC1H OXG, UK, bf@soas.ac.uk)

Abstract

This article aims to begin to fill a gap in the literature by offering a comprehensive critique of Douglass North’s work with emphasis on his historical studies. After a brief overview of his theoretical contributions, a closer scrutiny of his theory in its application to history is offered. North’s histories are found to be problematic. To resolve the difficulties involved requires a break with his methodology and the supplemented neoclassical economics from which it is drawn.

Suggested Citation

  • Dimitris Milonakis & Ben Fine, 2007. "Douglass North’s Remaking of Economic History: A Critical Appraisal," Review of Radical Political Economics, Union for Radical Political Economics, vol. 39(1), pages 27-57, March.
    • Handle: RePEc:sae:reorpe:v:39:y:2007:i:1:p:27-57
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    Citations

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    Cited by:

    1. Christopher Lloyd, 2013. "Beyond orthodoxy in economic history: Has Boldizzoni resurrected synthetic-structural history?," Investigaciones de Historia Económica - Economic History Research (IHE-EHR), Journal of the Spanish Economic History Association, Asociación Española de Historia Económica, vol. 9(02), pages 66-70.
    2. 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.
    3. Mehrdad Vahabi, 2011. "Appropriation, violent enforcement, and transaction costs: a critical survey," Public Choice, Springer, vol. 147(1), pages 227-253, April.
    4. Hazel Gray, 2016. "Access Orders and the ‘New’ New Institutional Economics of Development," Development and Change, International Institute of Social Studies, vol. 47(1), pages 51-75, January.
    5. Vahabi, Mehrdad, 2005. "Destructive power, enforcement and institutional change," MPRA Paper 13236, University Library of Munich, Germany, revised Jan 2006.
    6. Vahabi,Mehrdad, 2019. "The Political Economy of Predation," Cambridge Books, Cambridge University Press, number 9781107591370, January.

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