Douglass North

Douglass Cecil North (born November 5, 1920) is an American economist known for his work in economic history. He is the co-recipient (with Robert William Fogel ) of the 1993 Nobel Memorial Prize in Economic Sciences. In the words of the Nobel Committee, North and Fogel were awarded the prize "for having renewed research in economic history by applying economic theory and quantitative methods in order to explain economic and institutional change."