A Transaction Cost Theory of Politics

@article{North1990ATC,
  title={A Transaction Cost Theory of Politics},
  author={D. North},
  journal={Journal of Theoretical Politics},
  year={1990},
  volume={2},
  pages={355 - 367}
}
  • D. North
  • Published 1990
  • Economics
  • Journal of Theoretical Politics
    • 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… CONTINUE READING
    View on SAGE
    754 Citations
    Highly Influential Citations
    42
    Background Citations
    236
    Methods Citations
    20
    Results Citations
    7
    754 Citations
    Citation Type

    Citation Type

    Political Transaction-Cost Manipulation
    • 44
    Transaction Cost Politics in the Map of the New Institutionalism
    • 7
    Institutions and Transition - Possible Policy Implications of the New Institutional Economics
    • 32
    • Highly Influenced
    • PDF
    Some Lessons from Transaction-Cost Politics for Less-Developed Countries
    • 103
    • PDF
    The Institutional Foundations of Public Policy: A Transactions Approach with Application to Argentina
    • 272
    • PDF
    How Do Political Institutions Work
    • 2
    The contractual nature of budgeting: A transaction cost perspective on the design of budgeting institutions
    • 32
    Why transaction costs are so relevant in political governance? a new institutional survey
    • 13
    • PDF
    The New Institutional Economics of Markets
    • 13
    • PDF
    A Critical Appraisal of the Current Use of Transaction Cost Explanations for Government Make-Or-Buy Choices: Towards a Contingent Theory and Forms of Tests
    • 14