Douglass C. North


Douglass C. North

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Douglass C. North
The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1993

Born: 5 November 1920, Cambridge, MA, USA

Died: 23 November 2015, Benzonia, MI, USA

Affiliation at the time of the award: Washington University, St. Louis, MO, USA

Prize motivation: "for having renewed research in economic history by applying economic theory and quantitative methods in order to explain economic and institutional change."

Contribution: Shed new light on the economic development in Europe and the United States before and in connection with the industrial revolution. He emphasized the role of property rights and institutions.

Prize share: 1/2

To cite this section
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