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Analysis of North′s View Evolution about Institutional Change

Guo Xiao-li

Abstract

North′s analysis of institutional change evolutes gradually from the system to the system evolution,which is not only the results that North reflects equilibrium analysis,but also is the needs deepening power source of institutional change and its path dependence.Comprehensive understanding on North′s view change about institutional evolution has great significance on studying and promoting economic institutional innovation.

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Key concepts: Institutional change, Path dependence, Institutional analysis, Power (physics), Path (computing), Economic geography, Economic system, Path analysis (statistics)