American Experience
A Brilliant Madness: American Nobel Economists
Douglass C. North

North came to advanced economics by a tortuous route: photographer, political and anti-war activist of the 40s, seaman and navigator in the Merchant Marine, and C average undergraduate student at University of California at Berkeley. But what finally made him an economist was playing chess: with a brilliant economic theorist. The Nobel committee especially recognized his 1968 paper on ocean shipping, in which he showed that organizational changes played a greater role in increasing productivity than did technical change.

Close window

Exclusive Corporate Funding is provided by: