The Rise of the Western World: A New Economic History

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*The Rise of the Western World: A New Economic History* is a seminal work in economic history that explains the long-term development and dominance of Western economies through the evolution of institutions and property rights.

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Predicate Object
instanceOf book ⓘ
economic history book ⓘ
academicDiscipline economics ⓘ
history ⓘ
author Douglass C. North ⓘ
Robert Paul Thomas ⓘ
centralArgument institutions and property rights are key determinants of Western economic dominance ⓘ
countryOfOrigin United States ⓘ
examines decline of feudal institutions ⓘ
rise of England as an economic power ⓘ
transition to market economies ⓘ
field economic history ⓘ
institutional economics ⓘ
focusesOn evolution of institutions ⓘ
long-term economic growth ⓘ
property rights ⓘ
geographicFocus North America ⓘ
Western Europe ⓘ
hasFormat hardcover ⓘ
paperback ⓘ
influenced development economics ⓘ
institutional economic history ⓘ
political economy of institutions ⓘ
keyConcept path dependence in institutional development ⓘ
political and economic institutions co-evolve ⓘ
secure property rights promote investment and growth ⓘ
transaction costs shape institutional change ⓘ
language English ⓘ
mainSubject Western economic development ⓘ
economic history ⓘ
institutional economics ⓘ
methodology comparative historical analysis ⓘ
publicationYear 1973 ⓘ
publisher Cambridge University Press ⓘ
recognizedAs foundational text in new institutional economics ⓘ
seminal work in economic history ⓘ
relatedTo Douglass C. North's later work on institutions and economic performance ⓘ
theoreticalFramework new institutional economics ⓘ
timePeriodCovered from the late Middle Ages to the modern era ⓘ
usedIn graduate seminars on institutions and development ⓘ
university courses on economic history ⓘ

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Referenced by (2)

Full triples — surface form annotated when it differs from this entity's canonical label.

Douglass C. North → notableWork → The Rise of the Western World: A New Economic History ⓘ
Robert Paul Thomas → notableWork → The Rise of the Western World: A New Economic History ⓘ