What made Douglass C. North brilliant was in part his unusual ability to see that transactions costsbarriers to exchange, broadly speakingtake many forms and can have major consequences. This vision guided much of Norths scholarship, from his early contributions to New Institutional Economics to his later work on state violence.
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|Other Independent Review articles by Michael C. Munger|
|Spring 2018||Private Government|
|Winter 2018||On the Origins and Goals of Public Choice|
|Winter 2018||Overlooked Costs of War-Related Public Research|
|[View All (30)]|