Douglass C. North's scientific contributions
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Citations
... Importantly, this theory does not adhere to a deterministic understanding of causation, but rather that dominant business forms tend to drive certain dynamics in society because they guide and constrain actors' behaviors in certain ways (Hinton, 2021). Institutional economics points out that actors have the agency to react to their surrounding institutions in various ways, including to obey, resist, or change them (North, 1990). Formal institutions, such as legal business structures, are inherently more difficult to resist or change than informal institutions, as they require formal legal processes to change and there are legal consequences for disobeying or misusing them (Scott, 2014). ...
