Douglass North on Economics

January 22, 2010

In 1974, Douglass North wrote a paper called “Beyond the New Economic History,”  in which he outlines some suggestions for how the study of economic history should progress. He concludes by saying:

I have no illusion that [these suggestions] lead to the promised land of ultimate truth and final explanation. I have too much respect for the complexity and contrariness of human behavior to believe that we can do much more than unravel a little more of an endless skein — but then, that’s enough to make it the most satisfying profession I know.


One Response to “Douglass North on Economics”

  1. tripinchina Says:

    Check it out, he’s the good natured grandpa of economics:

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