search query: @author North, D. / total: 6
reference: 5 / 6
| Author: | North, D. |
| Title: | Economic performance through time |
| Journal: | American Economic Review
1994 : JUN, VOL. 84:3, p. 359-368 |
| Index terms: | ECONOMIC PERFORMANCE AMERICA ORGANIZATIONS |
| Language: | eng |
| Abstract: | This essay is about institutions and time. It provides the initial scaffolding of an analytical framework capable of increasing our understanding of the historical evolution of economies and a necessary crude guide to policy in the ongoing task of improving the economic performance of economies. The analytical framework is a modification of neoclassical theory. What it retains is the fundamental assumption of scarcity and hence competition and the analytical looks of microeconomic theory. What it modifies is the rationality assumption. What it adds is the dimension of time. |
SCIMA