Change Quote by Douglass North
“The development of a political-economic framework to explore long-run institutional change occupied me during all of the 1980s and led to the publication of Institutions, Institutional Change and Economic Performance in 1990.”
About This Quote
Source Book: “Institutions, Institutional Change and Economic Performance”, 1990
Studying long‑run institutional change requires a comprehensive political‑economic framework.
In simple terms: Framework needed for institutional change study.
Build interdisciplinary models for policy analysis.
Themes
Mood
Type
When to use this quote
- government reform
- development projects
- academic research
- long‑term planning
- public‑private partnerships
Key Concepts
Questions to Reflect On
- How can models stay relevant over decades?
- What data best capture institutional shifts?
Complex models may oversimplify reality.