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...

The aim of the research is to identify the strength and direction of the development of the relationship between formal and informal institutions and to assess the institutional equilib- rium of modern economies. The structural equations modelling based on partial least squares (SEM-PLS) is...

Introduction (Martin Lutz and Tanja Skambraks) -- Part 1: Antiquity and Middle Ages -- Chapter 1.The Popular Morality of Ancient Greek Commerce (Moritz Hinsch) -- Chapter 2. Early medieval property transfers in favour of the church between religion and economy (Franziska Quaas) -- Chapter 3....