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A Conceptual Framework for Interpreting Recorded Human HistoryWorking PapersDouglass North, John Wallis, Barry Weingast April 19, 2007 In this working paper, North, Wallis, and Weingast develop an integrated theory of economics and politics. They show how limited access social orders developed that were able to control violence and provide order using the political system to limit economic entry to create rents, and then using the rents to stabilize the political system and limit violence. It appears to be the natural way that human societies are organized, even in most of the contemporary world. In contrast, a handful of developed societies have developed open access social orders. In these societies, social order is sustained by competition rather than rent-creation. |
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Understanding the Process of Economic ChangeBooksDouglass North January 3, 2005 Understanding the Process of Economic Change helps to explain social and economic change by carefully considering the role played by belief systems and institutions in reducing uncertainty. North’s analysis reaches deep into recent advances in cognitive science to explore the source of a given society’s institutional matrix and its adaptive efficiency. |
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Understanding the Process of Economic ChangeResearch Papers/StudiesDouglass North May 30, 2003 This paper on economic change was submitted by Nobel Laureate Douglass North for the USAID Forum Series seven. |
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