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 revo

This book contains the most sustained and serious attack on mainstream, neoclassical economics in more than forty years. Nelson and Winter focus their critique

An analytical framework for explaining the ways in which institutions and institutional change affect the performance of economies is developed in this analysis

This textbook includes discussions of such topics as the environment, the debt case, export-led industrialization, import substitution industrialization, growth

In this bold, sweeping study of the development of Western economies, Douglass C. North sets forth a new view of societal change.