Description: Empirical Studies in Institutional Change is a collection of nine empirical studies by fourteen scholars. Dealing with issues ranging from the evolution of secure markets in seventeenth-century England to the origins of property rights in airport slots in modern America, the contributors analyze institutions and institutional change. To make the papers accessible to a wide audience, the editors have written an introduction to each study and added three theoretical essays to the volume, including Douglass North's Nobel Prize address, that reflect their collective views as to the present and future status of institutional analysis.
Review Quotes: "This is another interesting volume in Cambridge University Press's series, Political Economy of Instutitions and Decisions....Much of the anthology is worth reading...it belongs in every university library." William M. Dugger, Journal of Economic Issues