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I continue to be a photographer; I have enjoyed fishing and hunting with a close friend; and have owned two ranches, first in northern California and then in the state of Washington.
Douglass North -
I had hoped to go to law school, but the war started, and because of the strong feeling that I did not want to kill anybody, I joined the Merchant Marine when I graduated from Berkeley.
Douglass North
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Effective institutions raise the benefits of cooperative solutions or the costs of defection, to use game theoretic terms.
Douglass North -
Karl Marx and Adam Smith both subscribed to this view. They both saw successful growth as dependent on the development of efficient property rights. Their followers appear in the main to have forgotten this.
Douglass North -
I went to elementary school in Ottawa, and then to a private secondary school.
Douglass North -
International specialization and division of labor requires institutions and organizations to safeguard property rights across international boundaries so that capital markets as well as other kinds of exchange can take place with credible commitment on the part of the players.
Douglass North