Douglas North / Restaurant economics

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Douglas Cecil North (* 5 November 1920) is economist and restaurant economics. It received 1993 together with Robert William Fogel to the Nobelpreis for economic science for its renewal of the economiceconomics research by application of economic theory and quantitative methods, in order to explain economic and institutional change. Douglases North with its analyses of institutional change at the same time question an important Grundpfeiler of classical and neoclassical economic theories - rationally the Choice theory -.

Life

Douglas C. North one bore in Cambridge as a son of a life insurance manager and buildup there, in Ottawa, Lausanne, New York and Connecticut. After its family had pulled to San Francisco, North in the University OF California (Berkeley) studied political science, philosophy and economic science. 1942 it closed its study as Bachelor OF kind and joined as avowed war opponents of the US merchant fleet (to the transport of troops and equipment). From 1944 to its withdrawal 1946 among other things at the naval college in Alameda instruction for astronomical navigation was.

Subsequently, it returned to Berkeley, where it attained a doctorate to 1952 over the history of the life insurances in the United States. According to own statements Norths faced its economiceconomics responsible person of the economic theory rather sceptically, so that he only in the contact with colleague at the University OF Washington (Seattle), where he its first lecturer place got, more near is met the systematic theory.

According to its first article in the journal OF Political Economy over and economic growth ("location Theory and regionally Economic Growth", JPE Jg. 63, H. 3, 1955, P. 243-258), he received the possibility to 1956-57 on Forschungsinstitut national office OF Economic Research (NBER) to work, where he concerned himself particularly with empirical research for the balance of payments of the USA between 1790 and 1860, which he removed in the next ten years to the book "The Economic Growth OF the United States from 1790 tons of 1860". Since the early sixties North of one was the outrider of the Cliometrie, the use of theory and quantitative-statistic methods on economiceconomics investigation articles. During a foreign yearly in Geneva 1966/67 it turned more strongly to European restaurant history. Since then he investigates in particular the social changes in the structure, which accompany with economic developments and/or affect and make it possible. During this work it develops piece by piece its "theory of the institutional change", which turns away ever more strongly from the efficiency and of the neoclassical view from institutions.

it from the University OF Washington changed 1983 to right and economiceconomics faculty the Washington University in Saint Louis, where he was from 1984 to 1990 a director of the center for political economics. it received 1992 as first restaurant economics at all one of the honors most meaning for economists, John R. Commons Price, who was brought 1965 by that internationally Honors Society in Economics (in a general manner international society for honors in the economics) into being. Its present interests of research concern vested titles, transaction costs, economic organization in history and economic development in developing countries.

North served Consensus as an expert with the Copenhagen.

North is married since 1972 in second marriage. From its first marriage it has three sons, who were born between 1951 and 1957.