Expertise: Property rights, economic organization in history, ideology and the growth of government, theory of institutional change
Awards and Honors
American Academy of Arts and Sciences
National Association for Business Economics Adam Smith Award
Nobel Prize (1992)
Douglass C. North is the Hoover Institution's Bartlett Burnap Senior Fellow. His current research activities include research on property rights, transaction costs, economic organization in history, a theory of the state, the free rider problem, ideology, growth of government, economic and social change, and a theory of institutional change.
North received the Nobel Prize in economics in 1993. He was elected a fellow of the British Academy in July 1996 and was installed as the Spencer T. Olin Professor in Arts and Sciences at Washington University in Saint Louis in October 1996.
He was appointed Luce Professor of Law and Liberty in the Department of Economics at Washington University in the fall of 1983 and was director of the Center in Political Economy from December 1984 through June 1990. In April 1985, he was appointed editor of the Cambridge series of books and monographs on The Political Economy of Institutions and Decisions.
North's appointments at Washington University in Saint Louis follow thirty-two years at the University of Washington at Seattle, where he was director of the Institute for Economic Research for five years and chairman for twelve years. He was the Peterkin Professor of Political Economics at Rice University in the fall of 1979, Pitt Professor at Cambridge University in England in 1981–82, and a visiting fellow of the center for Advanced Studies in the Behavioral Sciences at Stanford University in 1987–88. He was editor of the Journal of Economic History for five years and president of the Economic History Association in 1972. He was a twenty-year member of the Board of Directors of the National Bureau of Economic Research until 1986.
In 1987, he was elected to the American Academy of Arts and Sciences. He has lectured at most major American and European universities and many Asian universities. He is the author of more than fifty articles and eight books.
That part of his research that focused on the formation of political and economic institutions and the consequences of these institutions on the performance of economics through time was published in Institutions, Institutional Change and Economic Performance (Cambridge University Press).
During the past several years, Professor North has begun using insights from cognitive and behavioral science to better understand economic change over time. In 2005, he incorporated his findings in his book - Understanding the Process of Economic Change.
North received his BA in 1942 and his PhD in 1952 from the University of California at Berkeley. He also served as a US Merchant Marine from 1942 to 1946 and was an instructor in celo-navigation from 1944 to 1946.