O artigo “Pursuing a Grand Theory: Douglass C. North and the Early Making of a New Institutional Social Science (1950-1981)“, do prof. Keanu Telles, foi aprovado para ser apresentado na 51ª edição do Encontro de Economia da ANPEC (Associação Nacional de Pós-Graduação em Economia), o congresso acadêmico de economia mais importante no país.
O evento ocorrerá entre os dias 12/12/2023 e 15/12/2023. Você pode ler o trabalho do professor clicando aqui e obter maiores informações sobre o evento clicando aqui. Ao final desta postagem seguem o resumo e as palavras-chave do trabalho.
Economia PUCPR
Abstract: We explore Douglass C. North’s early intellectual development in pursuing a Grand Theory for why some countries are rich and others poor. The continuous and profound attempt to answer the Smithian Grand Question shaped North’s journey from being a young serious Marxist to becoming one of the founders of New Institutional Economics. In the process, he was converted in the early 1950s into a rigid neoclassical economist, being one of the leaders in promoting New Economic History. The seeming success of the cliometric revolution exposed the frailties of the movement itself, namely, the limitations of neoclassical economic theory to explain economic growth and social change. Incorporating transaction costs, the institutional framework in which property rights and contracts are measured, defined, and enforced assumes a prominent role in explaining economic performance. In this period, North adopted a naive theory of institutions and property rights still grounded in neoclassical assumptions. Institutional and organizational analysis is modeled as a social maximizing equilibrium outcome. North abandoned this naive view in his 1981 book and gradually became more critical of the objective rationality postulate.
Keywords: Douglass C. North, grand theory, New Economic History, transaction cost, New Institutional Economics.