The new institutionalist economic history of Douglass C. North a critical interpretation /
This book offers a comprehensive assessment of Douglass North's contribution to economics and the social sciences by examining the origins and structure of his New Institutionalist Economic History (NIEH). Informed by contemporary debates in the philosophy of economics, Krul describes the evolu...
| Main Author: | Krul, Matthijs, |
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| Other Authors: | SpringerLink (Online service) |
| Format: | eBook |
| Language: | English |
| Published: |
Cham :
Palgrave Macmillan,
2018.
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| Physical Description: |
1 online resource. |
| Series: |
Palgrave studies in the history of economic thought series.
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| Subjects: |
| Summary: |
This book offers a comprehensive assessment of Douglass North's contribution to economics and the social sciences by examining the origins and structure of his New Institutionalist Economic History (NIEH). Informed by contemporary debates in the philosophy of economics, Krul describes the evolution of North's theory from mainstream economics to an increasingly heterodox form of New Institutionalism. He also examines what North's original aims were in developing the NIEH research programme and how well it has achieved these aims. By exploring major themes in North's NIEH, with an emphasis on the final stage of his theory, Krul sheds new light on the strengths and weaknesses of North's work. He also discusses the implications of this critical interpretation for the New Institutionalism in economics and other fields of social science. Matthijs Krul was until recently Research Fellow at the Max Planck Institute for Social Anthropology in Halle (Saale), Germany. He has been a visiting lecturer at Brunel University and the University of Westminster, UK. His work focuses on the intersection between the historiography and the philosophy of economics. |
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| Item Description: |
Intro; Preface; Acknowledgments; Contents; 1: Introduction: Douglass North's NIEH inContext; Introduction; North's NIEH inDisciplinary Context; The Reception ofNorth's NIEH; Looking Ahead; References; 2: North's NIEH inHistorical Overview; Introduction: North's Early Career; North's NIEH andtheChallenge ofKarl Polanyi; North's NIEH inOverview; Conclusion; References; 3: Markets, theSocial Contract, andthe'Smithian Result'; Introduction; Defining theMarket: TheProblem ofTransaction Costs; Defining theMarket: TheScope oftheMarket Concept; The Smithian Dimension. Smith, Hayek, andtheClassical Liberal Social Contract TraditionNorth's Pessimistic Anthropology; Conclusion; References; 4: Players oftheGame: Rationality, Choice, andIndeterminacy; Introduction: TheTwo Legs oftheNIEH Body; North's Critique ofRational Choice; The Players oftheGame; Methodological Individualism inNorth's NIEH; Rationality andIndeterminacy; Conclusion; References; 5: North's Theory ofCultural Evolution; Introduction; Adaptive Efficiency; Non-Darwinian Evolution?; North's Theory ofCultural Evolution inContext andDetail. Evaluating North's Theory ofCultural Evolution: TheMacro-LevelEvaluating North's Theory ofCultural Evolution: TheMicro-Level; Conclusion; References; 6: North's NIEH asGlobal History; Introduction; The NIEH asaContribution toGlobal History: Path Dependence; The NIEH asaContribution toGlobal History: TheNarrative Account; Conclusion: TheNIEH asaToolkit forGlobal History; References; 7: Revisiting Polanyi's Challenge: North andtheLimits oftheNew Institutionalism; Introduction; Did North Answer Polanyi's Challenge?; Indeterminacy andtheNeoinstitutionalist Turn. Polanyi andtheNeoinstitutionalist TurnConclusion; References; 8: Conclusion: TheFuture oftheNeoinstitutionalist Turn; References; Glossary; Index. This book offers a comprehensive assessment of Douglass North's contribution to economics and the social sciences by examining the origins and structure of his New Institutionalist Economic History (NIEH). Informed by contemporary debates in the philosophy of economics, Krul describes the evolution of North's theory from mainstream economics to an increasingly heterodox form of New Institutionalism. He also examines what North's original aims were in developing the NIEH research programme and how well it has achieved these aims. By exploring major themes in North's NIEH, with an emphasis on the final stage of his theory, Krul sheds new light on the strengths and weaknesses of North's work. He also discusses the implications of this critical interpretation for the New Institutionalism in economics and other fields of social science. Matthijs Krul was until recently Research Fellow at the Max Planck Institute for Social Anthropology in Halle (Saale), Germany. He has been a visiting lecturer at Brunel University and the University of Westminster, UK. His work focuses on the intersection between the historiography and the philosophy of economics. |
| Physical Description: |
1 online resource. |
| ISBN: |
9783319940847 3319940848 |