B. Snowdon
Institutions, Economic Growth and Development: A Conversation with Nobel Laureate Douglass North
Snowdon, B.
Authors
Abstract
This paper is based on the transcript of an interview made by Professor Brian Snowdon with the late Douglass North, Noble Laureate who died in 2015. North was one of the most influential economists and economic historian of the second half of the twentieth century. Along with the late Angus Maddison North was a pioneer of the application of economic data to investigate key issues in economic history and was a major contributor to the growing specialist field of cliometrics. His studies led Professor North to recognise that in order to gain meaningful insights from past economic data neo-classical economic theory alone was inadequate and had to be modified to incorporate the influence of politics, the role of institutions, transaction costs and property rights. His work investigated the roots of economic development and the barriers to growth. He proposed the view that many formal political and social institutions are created not necessarily to be socially efficient, but instead to serve the interests of élites particularly those with the bargaining power to create and amend rules to suit their own interests.
Citation
Snowdon, B. (2016). Institutions, Economic Growth and Development: A Conversation with Nobel Laureate Douglass North. World economics (Henley-on-Thames. Online), 17(4), 107-152
Journal Article Type | Article |
---|---|
Acceptance Date | Dec 12, 2016 |
Publication Date | Dec 1, 2016 |
Deposit Date | Jan 19, 2017 |
Publicly Available Date | Mar 29, 2024 |
Journal | World Economics |
Print ISSN | 1468-1838 |
Electronic ISSN | 1474-3884 |
Publisher | Economic and Financial Publishing |
Peer Reviewed | Peer Reviewed |
Volume | 17 |
Issue | 4 |
Pages | 107-152 |
Public URL | https://durham-repository.worktribe.com/output/1395892 |
Publisher URL | http://www.world-economics-journal.com/ArticleDetails.details?AID=655 |
Files
Accepted Journal Article
(9.1 Mb)
PDF
Published Journal Article
(9.7 Mb)
PDF
You might also like
The Solow Model, Poverty Traps, and the Foreign Aid Debate
(2009)
Journal Article
Downloadable Citations
About Durham Research Online (DRO)
Administrator e-mail: dro.admin@durham.ac.uk
This application uses the following open-source libraries:
SheetJS Community Edition
Apache License Version 2.0 (http://www.apache.org/licenses/)
PDF.js
Apache License Version 2.0 (http://www.apache.org/licenses/)
Font Awesome
SIL OFL 1.1 (http://scripts.sil.org/OFL)
MIT License (http://opensource.org/licenses/mit-license.html)
CC BY 3.0 ( http://creativecommons.org/licenses/by/3.0/)
Powered by Worktribe © 2024
Advanced Search