December 2014
Beginner
352 pages
14h 24m
English
Content preview from The Economics Book
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IN CONTEXT
FOCUS
Society and the economy
KEY THINKER
Douglass North (1920–)
BEFORE
1904 US economist Thorstein Veblen argues for the primacy of institutions in explanations of economic performance.
1934 US economist John Commons states that economies are complex webs of institutions and divergent interests.
AFTER
1993 US economist Avner Greif uses game theory to analyze the historical development of institutions that allowed trade to develop.
2001 Turkish-US economist Daron Acemoğlu explains institutional differences between countries in terms of their colonial origins.
Standard economics assumes the existence of markets. It also assumes that governments ...
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I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.