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North vs Williamson : the debate over institutions’ efficiency

Abstract : The article focuses on the North vsWilliamson debate over institutions’ efficiency. It emphasizes a paradox that stems from the fact that both authors share a common set of explanatory concepts but at the same time conclude diversely on institutions’ efficiency. This paradox can be released once is understood that despite apparent homogeneity, nie concepts such as Nirvana analysis, bounded rationality, and economic embeddedness, are used diversely by North and Williamson.
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Submitted on : Tuesday, March 27, 2018 - 6:42:33 PM
Last modification on : Wednesday, October 27, 2021 - 3:56:59 PM


  • HAL Id : halshs-01744994, version 1


Irène Berthonnet. North vs Williamson : the debate over institutions’ efficiency. History of Economic Ideas, Istituti editoriali e poligrafici internazionali, 2013, 21 (2), pp.53-68. ⟨halshs-01744994⟩



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