Douglass C. North

AAA

DEFINITION of 'Douglass C. North'

An American economist and winner of the 1993 Nobel Memorial Prize in Economics, along with Robert William Fogel, for his application of economic theory and quantitative methods to economic history. His research focuses on how institutions affect economic development.

INVESTOPEDIA EXPLAINS 'Douglass C. North'

Born in 1920 in Massachusetts, North earned his Ph.D. from the University of California at Berkeley. Douglass North's positions have included work as a senior fellow with Stanford University's free-market think tank, the Hoover Institution. Prior to becoming an economist, he served as a navigator in the Merchant Marines. North has taught economics and history at Washington University in St. Louis and the University of Washington at Seattle.

RELATED TERMS
  1. Economist

    An expert who studies the relationship between a society's resources ...
  2. Quantitative Analysis

    A business or financial analysis technique that seeks to understand ...
  3. Free Market

    A market economy based on supply and demand with little or no ...
  4. Capital Loss Coverage Ratio

    The difference between an asset’s book value and the amount received ...
  5. Policyholder Surplus

    The assets of a mutual insurance company minus its liabilities. ...
  6. Net Premium

    The expected present value of a policy’s benefits less the expected ...
Related Articles
  1. Adam Smith And
    Entrepreneurship

    Adam Smith And "The Wealth Of Nations" ...

  2. The History Of Economic Thought
    Economics

    The History Of Economic Thought

  3. How Does Goodwill Affect Financial Statements?
    Investing Basics

    How Does Goodwill Affect Financial Statements?

  4. Using Normal Distribution Formula To ...
    Investing Basics

    Using Normal Distribution Formula To ...

comments powered by Disqus
Hot Definitions
  1. Repurchase Agreement - Repo

    A form of short-term borrowing for dealers in government securities.
  2. Correlation

    In the world of finance, a statistical measure of how two securities move in relation to each other. Correlations are used ...
  3. Letter Of Credit

    A letter from a bank guaranteeing that a buyer's payment to a seller will be received on time and for the correct amount. ...
  4. Due Diligence - DD

    1. An investigation or audit of a potential investment. Due diligence serves to confirm all material facts in regards to ...
  5. Certificate Of Deposit - CD

    A savings certificate entitling the bearer to receive interest. A CD bears a maturity date, a specified fixed interest rate ...
  6. Days Sales Of Inventory - DSI

    A financial measure of a company's performance that gives investors an idea of how long it takes a company to turn its inventory ...
Trading Center