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 | ||
Summer 2024 | Secret Government: The Pathologies of Publicity | |
Spring 2024 | Following Their Leaders: Political Preferences and Public Policy | |
Spring 2024 | The Origins and Evolution of Consumer Capitalism; Crack-Up Capitalism | |
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