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Books > Social sciences > Sociology, social studies > Social issues
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Institutional Change and American Economic Growth (Paperback)
Loot Price: R1,263
Discovery Miles 12 630
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Institutional Change and American Economic Growth (Paperback)
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This book presents a model for examining problems of institutional
change and applies it to American economic development in the
nineteenth and twentieth centuries. The authors develop their model
of institutional change. They argue that if external economic
factors make an increase in income possible but not attainable
within the existing institutional structure, new organizations must
be developed to achieve the potential in income. Their model is
designed to explain the type and timing of these necessary changes
in institutional organization. Individual, voluntary cooperative,
and governmental arrangements are included in the discussion,
although the latter differs considerably from the first two.
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