The DOI matches its Crossref record; 9 of the 9 references it cites were found in a registry or an index.
A Transaction Cost Theory of Politics
Abstract
This essay first specifies and describes the behavioral and information cost assumptions that underlie instrumental rationality and the consequent a-institutional world of neoclassical theory and contrasts these assumptions to those that underpin a theory of institutions and transaction costs. It then explores the characteristics of political markets, characterizing the costs of transacting in political markets and the role of ideology in shaping political choices. Finally, it explores the implications of a transaction cost framework for the performance of polities and economies over time.
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Citations
Cites
(2013) · American Economic Review · doi:10.1257/aer.103.2.i · Cited by 8,218
North, D. C., & Weingast, B. R. (1989) · The Journal of Economic History · doi:10.1017/s0022050700009451 · Cited by 5,300
Self-citationA Theory of Competition Among Pressure Groups for Political Influence
Becker, G. S. (1983) · The Quarterly Journal of Economics · doi:10.2307/1886017 · Cited by 4,117
Institutions, Institutional Change and Economic Performance.
McNicoll], [., & North, D. C. (1991) · Population and Development Review · doi:10.2307/1973612 · Cited by 1,789
Self-citationWeingast, B. R., & Marshall, W. J. (1988) · Journal of Political Economy · doi:10.1086/261528 · Cited by 1,527
Why Democracies Produce Efficient Results
Wittman, D. (1989) · Journal of Political Economy · doi:10.1086/261660 · Cited by 804
Political Science: The Science of Politics
Weisberg, H. F. (2008) · Cited by 281
Farquharson and Fenno: Sophisticated Voting and Home Style
Denzau, A., Riker, W., & Shepsle, K. (1985) · American Political Science Review · doi:10.2307/1956251 · Cited by 194
The behavioral foundations of economic theory
Hogarth, R. M. (1986) · Cited by 87
Cited by
Increasing Returns, Path Dependence, and the Study of Politics
Pierson, P. (2000) · American Political Science Review · doi:10.2307/2586011 · Cited by 8,094
Transaction Cost Economics: How It Works; Where It is Headed
Williamson, O. E. (1998) · De Economist · doi:10.1023/a:1003263908567 · Cited by 1,315
Breaking the Path of Institutional Development? Alternatives to the New Determinism
Crouch, C., & Farrell, H. (2004) · Rationality and Society · doi:10.1177/1043463104039874 · Cited by 375
Institutions and Economic Theory
North, D. C. (2016) · The American Economist · doi:10.1177/0569434516630194 · Cited by 304
Self-citationIncentives and Political Economy
Laffont, J.-J. (2001) · doi:10.1093/0199248680.001.0001 · Cited by 299
Metadata
- Authors
- North, D. C.
- Venue
- Journal of Theoretical Politics
- Publisher
- SAGE Publications
- Published
- 1990-10
- Volume
- 2
- Issue
- 4
- Pages
- 355-367
- ISSN
- 0951-6298 (ISSN-L)
- 1460-3667
- OpenAlex
- W2144712004
- Cited by
- 1,372
- References
- 9
- FWCI
- 5.05
- Type
- journal article
- Language
- en
- Open access
- closed
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