Douglas North and the New Economic History
DOI:
https://doi.org/10.21678/apuntes.34.388Keywords:
Economic theory, economic history, nobel prizes, institutional frameworkAbstract
Douglass North' s most important contribution to economic theory is his emphasis in tire critical facilitating role of a favorable institutional environment for creating the necessary conditions that make possible economic growth. Creating such an environment is the most fundamental condition for the economic progress of the third world.
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