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

An invaluable survey of the literature on growth. Colin White argues persuasively and expertly that any attempt to solve the profound mystery of economic growth

Modern economies have undergone a dramatic change. There has been a shift from large scale material manufacturing to the design and application of new technolog

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

An analytical framework for explaining the ways in which institutions and institutional change affect the performance of economies is developed in this analysis