Douglass North’s Remaking of Economic History: A Critical Appraisal

Dimitris Milonakis () and Ben Fine
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Ben Fine: Economics, SOAS, University of London, Thornhaugh St., Russell Sq., London WC1H OXG, UK, bf@soas.ac.uk

Review of Radical Political Economics, 2007, vol. 39, issue 1, 27-57

Abstract: This article aims to begin to fill a gap in the literature by offering a comprehensive critique of Douglass North’s work with emphasis on his historical studies. After a brief overview of his theoretical contributions, a closer scrutiny of his theory in its application to history is offered. North’s histories are found to be problematic. To resolve the difficulties involved requires a break with his methodology and the supplemented neoclassical economics from which it is drawn.

Keywords: economic history; institutions; transaction costs; property rights; structure; agency; methodological individualism; Malthusianism (search for similar items in EconPapers)
Date: 2007
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Persistent link: https://EconPapers.repec.org/RePEc:sae:reorpe:v:39:y:2007:i:1:p:27-57

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