About the book: 1997 / Douglas North - winner of the 1993 Nobel Prize in Economics. His book, which went through at least 9 editions in English, is one of the fundamental works in the field of institutional-evolutionary theory. It examines the role of institutions (laws, agreements, codes of conduct, etc.) in socio-economic development. Of particular value for the Russian reader is the analysis of the influence of clearly defined and protected property rights on effective economic growth, as well as the dependence of economic development on the historically established institutional system. The book is published in Russian for the first time