Government and the Cost of Exchange in History
The Journal of Economic HistoryPublished 1 June 1984
Douglass C. North
Citations151
SJR quartileQ1
SJR score2.29
SNIP2.06
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Abstract
A general transaction cost framework is developed to analyze the costs of exchange and the role of government in the costs of exchange. Three general types of exchange are specified: personal exchange, exchange without third-party enforcement, and exchange with third-party enforcement. The framework is then employed to analyze government and the costs of exchange in history.
Keywords
Social SciencesEconomics, Econometrics and Finance
Canadian Journal of Economics/Revue canadienne d économiqueStructure and Change in Economic History
4,643 Citations1983Peter George, Douglass C. North