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Encyclopedia > Douglass North

Douglass Cecil North (born November 5, 1920) is co-recipient of the 1993 Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel. He joined the faculty of Washington University in Saint Louis in 1983 as the Henry R. Luce Professor of Law and Liberty in the Department of Economics, and served as director of the Center for Political Economy from 1984 to 1990. In 1992, he became the first economic historian ever to win one of the economics profession's most prestigious honors, the John R. Commons Award, which was established by the International Honors Society in Economics in 1965. Along with Ronald Coase and Oliver Williamson, he helped found the International Society for the New Institutional Economics which held its first meeting in St. Louis in 1997. His current research includes property rights, transaction costs, and economic organization in history as well as economic development in developing countries. November 5 is the 309th day of the year (310th in leap years) in the Gregorian Calendar, with 56 days remaining. ... 1920 (MCMXX) is a leap year starting on Thursday (link will take you to calendar) // Events January January 7 - Forces of Russian White admiral Kolchak surrender in Krasnoyarsk. ... 1993 (MCMXCIII) is a common year starting on Friday of the Gregorian calendar and marked the Beginning of the International Decade to Combat Racism and Racial Discrimination (1993-2003). ... The Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel (in Swedish Sveriges Riksbanks pris i ekonomisk vetenskap till Alfred Nobels minne), is a prize awarded each year for outstanding intellectual contributions in the field of economics. ... Washington University in St. ... 1983 (MCMLXXXIII) is a common year starting on Saturday of the Gregorian calendar. ... U.S. Economic Calendar Economics at the Open Directory Project Economics textbooks on Wikibooks The Economists Economics A-Z Daily analysis of economics in the news (UK focus) Institutions and organizations Bureau of Labor Statistics - from the American Labor Department Center for Economic and Policy Research (USA) National Bureau... Political economy was the original term for the study of production, the acts of buying and selling, and their relationships to laws, customs and government. ... This page is about the year 1984. ... This article is about the year. ... 1992 (MCMXCII) was a leap year starting on Wednesday. ... Economic history is the application of economic theories to historical study. ... 1965 (MCMLXV) was a common year starting on Friday (link goes to calendar). ... Ronald Coase (born December 29, 1910) is a British economist. ... This page deals with property as ownership rights. ... In economics and related disciplines, a transaction cost is a cost incurred in making an economic exchange. ... A developing country is a country with low average income compared to the world average. ...


Born in Cambridge, Massachusetts, he graduated from the University of California, Berkeley with a triple major in political science, philosophy, and economics and joined the Merchant Marine during World War II. Prior to finishing his PhD, North had also been a semi-professional photographer and had worked with Dorothea Lange as well as other notable photographers. Cambridge City Hall Cambridge is a city in the Greater Boston area of Massachusetts, United States. ... University of California, Berkeley The University of California, Berkeley (also known as Cal, UCB, UC Berkeley, The University of California, California, or simply Berkeley) is a public coeducational university situated east of the San Francisco Bay in Berkeley, California, overlooking the Golden Gate. ... World War II was a truly global conflict with many facets: immense human suffering, fierce indoctrination, and the use of new, extremely devastating weapons such as the atom bomb. ... Dorothea Lange in 1936 Dorothea Lange (May 26, 1895 – October 11, 1965) was an influential documentary photographer. ...


North served as an expert for the Copenhagen Consensus. Copenhagen Consensus is a Danish project which seeks to establish priorities for advancing global welfare using methodologies based on the theory of welfare economics. ...


Major Publications

  • Institutional Change and American Economic Growth, Cambridge University Press, 1971 (with Lance Davis).
  • The Rise of the Western World: A New Economic History, 1973 (with Robert Thomas).
  • Growth and Welfare in the American Past, Prentice-Hall, 1974.
  • Structure and Change in Economic History, Norton, 1981.
  • Institutions, Institutional Change and Economic Performance, Cambridge University Press, 1990.
  • Empirical Studies in Institutional Change, Cambridge University Press, 1996 (edited with Lee Alston & Thrainn Eggertsson).
  • Understanding the Process of Economic Change, Princeton University Press, 2004.

External links


  Results from FactBites:
 
Copenhagen Consensus 2004 – addresses 10 major challenges in the world. - Douglass North (367 words)
North, born in 1920, graduated with a triple bachelor's degree in political science, philosophy and economics from the University of California at Berkeley in 1942, and later, in 1952, earned a doctorate in economics there.
North's research has focused on the formation of political and economic institutions and the consequences of these institutions on the performance of economies through time, including such areas as property rights, transaction costs, and the free rider problem.
North is recognized as one of the founders of the "new institutional economics," and has done important work on the connection of the cognitive sciences to economic theory.
  More results at FactBites »


 

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