- PII
- S086904990000617-0-1
- DOI
- 10.7868/S0000617-0-1
- Publication type
- Article
- Status
- Published
- Authors
- Volume/ Edition
- Volume / Issue 4
- Pages
- 140-150
- Abstract
- The article reviews the development of D. North views on neoclassical mainstream and itsapplicability to the study of social changes. It shows his path from one of the founders of cliometricsas a manifestation of imperialism of neoclassical economics to the partial, and fi nally full refuseto consider the neoclassical mainstream useful for the analysis of human history. Rejection ofthe neoclassical paradigm is explained by the key North's concept of non-ergodicity of the socialenvironment. It is argued that in the presented by North, Wallis and Weingast alternative paradigm theneoclassical economic mainstream faced the strongest challenge since its break-up with the Austrian school of economics.
- Keywords
- economic mainstream, cliometrics, new institutional economics, institutions, transaction costs, non-ergodicity, social changes, paradigm
- Date of publication
- 17.07.2013
- Year of publication
- 2013
- Number of purchasers
- 1
- Views
- 1089