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Some Fundamental Puzzles In Economic History/Development

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  • Douglass C. North

    (Washington University)

Abstract

In this essay I would like to confront a number of fundamental puzzles in economic history/development--puzzles that go to the heart of the nature of economic change. They can be broadly classified under two general headings: how to account for the uneven and erratic pattern of both historical change and contemporary development and how to model this processs of change and development? Can we use the tools at hand-- ie the rationality assumption and growth theory we employ in economics? Let me elaborate on the nature of the puzzles and the connection between them.

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Bibliographic Info

Paper provided by EconWPA in its series Economic History with number 9509001.

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Length: 13 pages
Date of creation: 13 Sep 1995
Date of revision:
Handle: RePEc:wpa:wuwpeh:9509001

Note: Type of Document - Word DOS 5.0; prepared on PC; to print on HP Laserjet; pages: 13
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Web page: http://128.118.178.162

Related research

Keywords: institutions development change growth;

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References

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  1. Denzau, Arthur T & North, Douglass C, 1994. "Shared Mental Models: Ideologies and Institutions," Kyklos, Wiley Blackwell, vol. 47(1), pages 3-31.
  2. Paul R. Milgrom & Douglass C. North & Barry R. Weingast, 1990. "The Role Of Institutions In The Revival Of Trade: The Law Merchant, Private Judges, And The Champagne Fairs," Economics and Politics, Wiley Blackwell, vol. 2(1), pages 1-23, 03.
  3. Hahn, F H, 1987. "Information, Dynamics and Equilibrium," Scottish Journal of Political Economy, Scottish Economic Society, vol. 34(4), pages 321-34, November.
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Citations

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Cited by:
  1. Mark White, 1997. "Legal Practice and Economic Adaptation," Economic History 9703001, EconWPA.
  2. Costas Aariadis & John Stachurski, 2004. "Poverty Traps," Department of Economics - Working Papers Series 913, The University of Melbourne.
    • Azariadis, Costas & Stachurski, John, 2005. "Poverty Traps," Handbook of Economic Growth, in: Philippe Aghion & Steven Durlauf (ed.), Handbook of Economic Growth, edition 1, volume 1, chapter 5 Elsevier.
  3. Antonelli, Cristiano, 2007. "Localized Appropriability: Pecuniary Externalities in Knowledge Exploitation," Department of Economics and Statistics Cognetti de Martiis LEI & BRICK - Laboratory of Economics of Innovation "Franco Momigliano", Bureau of Research in Innovation, Complexity and Knowledge, Collegio 200710, University of Turin.
  4. Jorge Álvarez, 2013. "The evolution of inequality in Australasia and the River Plate, 1870-1914," Documentos de trabajo 31, Programa de Historia Económica, FCS, Udelar.
  5. Jorge Álvarez & Henry Willebald, 2013. "Agrarian income distribution, land ownership systems, and economic performance: Settler economies during the first globalization," Documentos de trabajo 30, Programa de Historia Económica, FCS, Udelar.

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