|Institutions||North||Mause I 106ff
Institutions/North, Douglas: NorthVsVarieties of Capitalism: the "Varieties of Capitalism" approach neglects the question of the dynamics of institutions. (1)(2) North: "Theory of institutional change": Thesis: Economically inefficient institutions are relatively long-lived. This can be explained by two theoretical arguments:
1. The theory of public choice (see Public Choice/North).
2. By path dependencies, i.e. the dependency of the further development on earlier historical decisions.
VsNorth: neither he nor his successors have succeeded in combining his two theoretical explanatory approaches to a closed explanation.
1. D. North, Structure and change in economic history. New York 1981
2. D. North, Institutions, institutional change and economic performance. Cambridge 1990.
Politik und Wirtschaft: Ein integratives Kompendium Wiesbaden 2018