What the war did was give me the opportunity of three years of continuous reading, and it was in the course of reading that I became convinced that I should become an economist.
Information costs are reduced by the existence of large numbers of buyers and sellers. Under these conditions, prices embody the same information tha… - Douglass North
Information costs are reduced by the existence of large numbers of buyers and sellers. Under these conditions, prices embody the same information tha…
- Douglass North
To predict the future we would have to know today what we will learn tomorrow which will shape our future actions - Douglass North
To predict the future we would have to know today what we will learn tomorrow which will shape our future actions
Conformity can be costly in a world of uncertainty which requires innovative institutional creation because no one can know the right path to surviva… - Douglass North
Conformity can be costly in a world of uncertainty which requires innovative institutional creation because no one can know the right path to surviva…
The evolution of government from its medieval, Mafia-like character to that embodying modern legal institutions and instruments is a major part of th… - Douglass North
The evolution of government from its medieval, Mafia-like character to that embodying modern legal institutions and instruments is a major part of th…
It was not until I got my first job, at the University of Washington in Seattle, and began playing chess with Don Gordon, a brilliant young theorist,… - Douglass North
It was not until I got my first job, at the University of Washington in Seattle, and began playing chess with Don Gordon, a brilliant young theorist,…
I went back to graduate school with the clear intention that what I wanted to do with my life was to improve societies, and the way to do that was to… - Douglass North
I went back to graduate school with the clear intention that what I wanted to do with my life was to improve societies, and the way to do that was to…
My record at the University of California as an undergraduate was mediocre to say the best. - Douglass North
My record at the University of California as an undergraduate was mediocre to say the best.
Our family life was certainly not intellectual. - Douglass North
Our family life was certainly not intellectual.
Regarding social order, [Francis] Fukuyama writes, "The systematic study of how order, and thus social capital, can emerge in spontaneous and decentr… - Douglass North
Regarding social order, [Francis] Fukuyama writes, "The systematic study of how order, and thus social capital, can emerge in spontaneous and decentr…
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