Douglass C. North

By:   Date: 3 December 2009

About The Author

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Douglass C. North is an American Economic historian, who was awarded Nobel Prize for Economics in 1993 along with Robert W. Fogel. He will be remembered for his research works in economic history, which explains economic and institutional change through economic theory and quantitative methods.

Personal, career and Academic profiles

Douglass C. North was born on 1920 in Cambridge, Massachusetts, USA.

In 1942, North completed his B.A. in General Curriculum-Humanities.

In 1950, he became a member of the faculty at Washington University (St Louis).

In 1952, he was awarded Ph.D. in Economics.

During 1950 to 1983, North worked as the Professor of Economics at the University of WashingtonIn 1960, North became an editor of the Journal of Economic History.

In 1960, North became an editor of the Journal of Economic History. During this period, he established a new method of practice, called cliometrics. Cliometrics establishes different interpretations of the past through economic and quantitative methodology to history. .

In 1983, North joined the faculty of Washington University in Saint Louis.

During 1984 to 1990, he served as the director of the Center for Political Economy.

In 1997, North, along with Ronald Coase and Oliver Williamson instituted International Society for the New Institutional Economics.

Honors and awards

In 1992, Douglass C. North was awarded the most esteemed honors, the John R. Commons Award. He was the first economic historian to receive this award.

In 1993, Douglass C. North was awarded Nobel Prize in Economics.

Theory propounded

Three of the major works of Douglass C. North include New Institutional Economics, Economic History and Economic Development. He is famous for his research works in economic history, which explains economic and institutional change through economic theory and quantitative methods.

He is currency engaged in research works on property rights, transaction costs, and economic organization in history.

Major publications Working papers

  • 1961: The Economic Growth of the United States, 1790–1860, Prentice Hall
  • 1971(with Lance Davis) : Institutional Change and American Economic Growth, Cambridge University Press
  • 1973 (with Robert Thomas) : The Rise of the Western World: A New Economic History
  • 1974: Growth and Welfare in the American Past, Prentice-Hall
  • 1981: Structure and Change in Economic History, Norton
  • 1990: Institutions, Institutional Change and Economic Performance, Cambridge University Press
  • 1996: Empirical Studies in Institutional Change, Cambridge University Press
  • 2005: Understanding the Process of Economic Change, Princeton University Press 

Books by Douglass C. North

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