This book offers a comprehensive assessment of Douglass North's
contribution to economics and the social sciences by examining the
origins and structure of his New Institutionalist Economic History
(NIEH). Informed by contemporary debates in the philosophy of
economics, Krul describes the evolution of North's theory from
mainstream economics to an increasingly heterodox form of New
Institutionalism. He also examines what North's original aims were
in developing the NIEH research programme and how well it has
achieved these aims. By exploring major themes in North's NIEH,
with an emphasis on the final stage of his theory, Krul sheds new
light on the strengths and weaknesses of North's work. He also
discusses the implications of this critical interpretation for the
New Institutionalism in economics and other fields of social
science.
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