EconPapers    
Economics at your fingertips  
 

Institutions and Credible Commitment

Douglass North

Economic History from University Library of Munich, Germany

Abstract: In this essay I intend to assess the road we have travelled in the ten years since the first conference on Institutional Economics with the objectives of suggesting where we should go from here. The suggestions will be personal reflecting both my special interests as an economic historian and my undoubtedly subjective perceptions of the road we have travelled and of an agenda of research. The title of my essay gives away the key questions that I believe we must answer. How have economies in the past developed institutions that have provided the credible commitment that has enabled more complex contracting to be realized; and what lessons can we derive from that experience that will be of value today in the on going process of building or rebuilding economies?

JEL-codes: N (search for similar items in EconPapers)
Date: 1994-12-14
Note: ascii text, 24 page PostScript available, words 4540
References: Add references at CitEc
Citations: View citations in EconPapers (2) Track citations by RSS feed

Downloads: (external link)
https://econwpa.ub.uni-muenchen.de/econ-wp/eh/papers/9412/9412002.pdf (application/pdf)
https://econwpa.ub.uni-muenchen.de/econ-wp/eh/papers/9412/9412002.ps.gz (application/postscript)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wpa:wuwpeh:9412002

Access Statistics for this paper

More papers in Economic History from University Library of Munich, Germany
Bibliographic data for series maintained by EconWPA ().

 
Page updated 2019-04-15
Handle: RePEc:wpa:wuwpeh:9412002