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Develops a way of understanding the process by which economies change. This title explains how different societies arrive at the institutional infrastructure that determines their economic trajectories. It argues that economic change depends largely on 'adaptive efficiency'.

Produktbeschreibung
Develops a way of understanding the process by which economies change. This title explains how different societies arrive at the institutional infrastructure that determines their economic trajectories. It argues that economic change depends largely on 'adaptive efficiency'.
Autorenporträt
Douglass C. North is professor of economics and Spencer T. Olin Professor in Arts and Sciences at Washington University in St. Louis. He was the corecipient of the Nobel Prize in Economic Sciences in 1993.