In this landmark work, a Nobel Prize-winning economist develops a new way of understanding the process by which economies change. Douglass North inspired a revolution in economic history a generation ago by demonstrating that economic performance is determined largely by the kind and quality of...

This book is the first comprehensive account of how Australia attained the world's highest living standards within a few decades of European settlement, and how the nation has sustained an enviable level of income to the present. Beginning with the Aboriginal economy at the end of the eighteenth...

Economists agree about many things--contrary to popular opinion--but the majority agree about culture only in the sense that they no longer give it much thought."" So begins the first chapter of Cultures Merging, in which Eric Jones--one of the world's leading economic historians--takes an...