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Introduction to the Douglass C. North memorial issue

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journal contribution
posted on 06.11.2018, 16:27 by Geoff Hodgson
This introduction considers the highly influential contribution of Douglass C. North to economic history and institutional economics, as it developed from the 1960s until his death in 2015. It sketches the evolution of his arguments concerning the roles of institutions, organizations and human agency. North's conception of the economic actor became progressively more sophisticated, by acknowledging the role of ideology and adopting insights from cognitive science. Eventually, he abandoned the proposition that institutions are generally efficient, to propose instead that sub-optimal institutional forms could persist. A few noted criticisms of North's work are also considered here, ranging from those which are arguably off the mark, to others that retain some force. The contributions to this memorial issue are outlined at the end of this introduction.

History

School

  • Loughborough University London

Published in

Journal of Institutional Economics

Volume

13

Issue

01

Pages

1 - 23

Citation

HODGSON, G.M., 2016. Introduction to the Douglass C. North memorial issue. Journal of Institutional Economics, 13 (1), pp.1-23.

Publisher

Cambridge University Press © Millennium Economics Ltd

Version

AM (Accepted Manuscript)

Acceptance date

01/11/2016

Publication date

2016-12-01

Notes

This article has been published in a revised form in Journal of Institutional Economics https://doi.org/10.1017/S1744137416000400. This version is free to view and download for private research and study only. Not for re-distribution, re-sale or use in derivative works. © Millennium Economics Ltd.

ISSN

1744-1374

eISSN

1744-1382

Language

en

Exports

Loughborough Publications

Categories

Exports