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...

In the standard analysis of economic institutions--which include social conventions, the working rules of an economy, and entitlement regimes (property relations)--economists invoke the same theories they use when analyzing individual behavior. In this profoundly innovative book, Daniel Bromley...

This paper develops the empirical and theoretical case that differences in economic institutions are the fundamental cause of differences in economic development. We first document the empirical importance of institutions by focusing on two “quasi-natural experiments” in history, the...

Intro -- UNDERSTANDING THE PROCESS OF ECONOMIC CHANGE IN TURKEY: AN INSTITUTIONAL APPROACH -- UNDERSTANDING THE PROCESS OF ECONOMIC CHANGE IN TURKEY: AN INSTITUTIONAL APPROACH -- LIBRARY OF CONGRESS CATALOGING-IN-PUBLICATION DATA -- CONTENTS -- PREFACE -- CONTRIBUTOR LIST (IN ALPHABETICAL ORDER)...