The history of human progress is largely the history of inst... - Douglass North

"The history of human progress is largely the history of institutional innovations that solved problems of coordination and commitment."

Douglass North History

Economist Historian American 1920–2015

More from Douglass North

"Institutions are the humanly devised constraints that shape human interaction."

"The performance of economies over time is determined by institutions and institutional change."

"Ideas have consequences, and the ideas we hold shape the institutions we create."

"Economic history is fundamentally about understanding how societies organize production and exchange."

"I've seen a lot of things in my time."

"That's how we archaeologists tell time."

"We must learn from history or be doomed to repeat it."

"Every artifact tells a story."