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.
Michael C. Munger is Senior Fellow and former co-editor of The Independent Review at the Independent Institute, and Professor of Political Science, Economics and Public Policy and Director of the Philosophy, Politics, and Economics Program at Duke University.
Other Independent Review articles by Michael C. Munger | ||
Fall 2023 | Karl Mittermaier: Economic Theory vs. Reality | |
Fall 2023 | The Governance Cycle in Parliamentary Democracies: A Computational Social Science Approach | |
Fall 2023 | Climate Liberalism: Perspectives on Liberty, Property, and Pollution | |
[View All (78)] |