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...

Main description: Obwohl in Deutschland ein breiter Konsens darüber besteht, dass grundlegende institutionelle Reformen dringend erforderlich sind, um die seit vielen Jahren bestehenden Arbeitsmarktprobleme sowie die Probleme der Alterssicherung und Gesundheitsversorgung in den Griff zu...

This ambitious book presents a conceptual framework for an institutional approach to economic change and economic transformation. It sheds important light on two basic concepts: social complexity and interactive governance. The first part of the book develops the theoretical foundations for...