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Institutions, Institutional Change and Economic Performance

3.98 of 5 stars 3.98  ·  rating details  ·  160 ratings  ·  9 reviews
An analytical framework for explaining the ways in which institutions and institutional change affect the performance of economies is developed in this analysis of economic structures.
Paperback, 159 pages
Published October 26th 1990 by Cambridge University Press (first published 1990)
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Noah Enelow
May 28, 2007 Noah Enelow rated it 3 of 5 stars
Recommends it for: academics
Shelves: recentlyread

This book is really influential in social science circles, which is why I read it. The point he makes is essential for anyone trying to do economics, like me. The basic lesson is simple: the rules of the game make a huge difference in whether mutually beneficial transactions are undertaken or not. Exploitation and oppression can be built into the structure by parties who have greater bargaining strength. The book can be a dry read, as North sometimes spends whole pages dealing in abstract genera...more
Michael Quinn
An excellent little book that should be mandatory reading for any student of economics. North does an incredible job of reminding students that much of the world still exists beyond neoclassical models, and ignoring this fact has badly damaged the reputation and reliability of the field.

While some of the comments below disparage North's writing, it's fine as far as economic writing is concerned. There's certainly much worse out there, and North's anecdotal examples - which appear more frequently...more
Athan Tolis
My brother in law has given me a book about Libertarianism to read, so I thought I'd read something mainstream first. A book that discusses institutions, what they're meant to do, how they influence the economy and how they can improve.

I got lucky. This book by Douglass North is an excellent primer. In 14 short chapters (some 10 pages each) it covers a thousand pages' worth of ground, no exaggeration. Each chapter starts with an abstract. You could read the 14 abstracts (comfortably less than 20...more
Diego Castañeda
Douglass North elabora una teoría sobre como las instituciones (formales e informales) modifican la estructura de costos y precios de las transacciones económicas y políticas. Esta red institucional crea las condiciones para el crecimiento económico y el cambio histórico de las ciudades o para su estancamiento.

North trata de integrar su teoría en el corazón de la teoría económica neoclásica reconciliandola con los supuestos de escasez y de interés propio. North trata de reconciliar el instituci...more
Ahmet  Kaya
douglas north's research on the effect of institutional factors on the economic performance is essential in point of drawing a framework on economic growth. north argues that the difference of the economic performances between countries is determined by the institutional factors which consists formal and informal rules-restrictions imposed by social life. the book should be in "to-read" shelves for anyone who interests economic growth and wonders the differences among countries.
Este libro es fundamental en la literatura de ciencias sociales. Las ideas en el libro y su marco para entender y analizar el desarrollo y cambio de "instituciones" (o "las reglas del juego") es escrito en forma clara, sencilla y concisa (a pesar de ser a veces seca y sin contexto).
Ben Trump
North's work is of the utmost importance for Political Science students, particularly those in Global Politics and Comparative Politics. Though dense, North offers discussion on institutional change that all PoliSci students will be required to know and intrinsically understand.
Jeffong Gol
North once have said:“last but certainly not least,Elisabeth Case has translated my inelegant prose into English language”.(North,1990a,p.viii)
It seems that he realized his broken English.And I just want to say it's absolutely a truth.
This book changed my understanding of the interdependent nature of social, political and economic life. Institutions are the "rules of the game."
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