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analytical developments in pursuing a Grand Theory for why some countries are rich and others poor. Design … limitations of neoclassical economic theory to explain economic growth and social change. Incorporating transaction costs, the … explaining economic performance. Originality/value In the early 1970s, North adopted a naive theory of institutions and property …
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This overview of transaction cost economics is organized around the "Carnegie Tripleʺ be disciplined; be interdisciplinary; have an active mind. The first of these urges those who would open up the black box of economic organization to do so in a modest, slow, molecular, definitive way, with the...
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gegebenen Nutzen; keine spezifisch transaktionsbasierte Markttheorie, nur eine theory of the firm und institutional change aus …
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