In this landmark work, a Nobel Prize-winning economist develops a new way of understanding the process by which economies change. Douglass North inspired a revo

In this landmark work, a Nobel Prize-winning economist develops a new way of understanding the process by which economies change. Douglass North inspired a revo

This book contains the most sustained and serious attack on mainstream, neoclassical economics in more than forty years. Nelson and Winter focus their critique

This textbook includes discussions of such topics as the environment, the debt case, export-led industrialization, import substitution industrialization, growth

The institutional endowment of a country determines government's regulatory choices, the public policies, incentives, and the direction of economic activities i