- Publisher: Cambridge University Press
- Online publication date: September 2012
- Print publication year: 2006
- Online ISBN: 9780511791307
- DOI: https://doi.org/10.1017/CBO9780511791307
It is widely believed that current disparities in economic, political, and social outcomes reflect distinct institutions. Institutions are invoked to explain why some countries are rich and others poor, some democratic and others dictatorial. But arguments of this sort gloss over the question of what institutions are, how they come about, and why they persist. They also fail to explain why institutions are influenced by the past, why it is that they can sometimes change, why they differ so much from society to society, and why it is hard to study them empirically and devise a policy aimed at altering them. This 2006 book seeks to overcome these problems, which have exercised economists, sociologists, political scientists, and a host of other researchers who use the social sciences to study history, law, and business administration. It presents a multi-disciplinary perspective to study endogenous institutions and their dynamics.
George A. Akerlof - 2001 Nobel Laureate in Economics and University of California, Berkeley
Kenneth Arrow - 1972 Nobel Laureate in Economics, and Professor Emeritus, Stanford University
Robert H. Bates - Harvard University
Douglass C. North - 1993 Nobel Laureate in Economics
* Views captured on Cambridge Core between #date#. This data will be updated every 24 hours.
Usage data cannot currently be displayed.