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Introduction to the Douglass C. North Memorial Issue

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  • Geoffrey Hodgson
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Original languageEnglish
Number of pages24
Pages (from-to)1-23
JournalJournal of Institutional Economics
Journal publication date1 Dec 2016
Early online date1 Dec 2016
DOIs
Publication statusE-pub ahead of print - 1 Dec 2016

Abstract

This introduction considers the highly influential contribution of Douglass C. North to economic history and institutional economics, as it developed from the 1960s until his death in 2015. It sketches the evolution of his arguments concerning the roles of institutions, organizations and human agency. North’s conception of the economic actor became progressively more sophisticated, by acknowledging the role of ideology and adopting insights from cognitive science. Eventually he abandoned the proposition that institutions are generally efficient, to propose instead that sub-optimal institutional forms could persist. A few noted criticisms of North’s work are also considered here, ranging from those which are arguably off the mark, to others that retain some force. The contributions to this memorial issue are outlined at the end of this introduction.

Notes

This is the accepted version of the following article: Geoffrey M. Hodgson, ‘Introduction to the Douglass C. North memorial issue’, Journal of Institutional Economics, (early view) 1 December 2016, which has been published in final form at DOI: https://doi.org/10.1017/S1744137416000400 ©Cambridge UniversityPress 2016

ID: 10665298