For North, the "intellectual entrepreneurs of ideology" or "ideological entrepreneurs" can and often do play a key role in ideological change. Although ideological entrepreneurs play such a key role in bringing about ideological and, so, institutional change, Douglas North does not devote a lot...

This paper argues that in order to understand West Indian economic underdevelopment, the saliency of the informal institutions that emerged during its colonial period and the effect these institutions have had on the emergence of a local entrepreneurial class can not be discounted. British...

In this essay, Storr examines what he identifies as an underdeveloped concept within Professor Douglass North's work; that of the 'ideological entrepreneur.' Ideological entrepreneurs are those who change institutional structure by cultivating a shift in shared ideology and through that process,...

The rival opinions expressed by Jeffrey Sachs in his book The End of Poverty and by William Easterly in The White Man's Burden epitomize the dichotomy in the economics literature regarding the role of foreign aid in eliminating extreme poverty. On the one hand, the majority of governments see...