Douglass North

Douglass North is co-recipient of the 1993 Nobel Memorial Prize in Economic Sciences. He joined the faculty of Washington University in Saint Louis, Missouri in 1983 as the Henry R. Luce Professor of Law and Liberty in the Department of Economics, and served as director of the Center for Political Economy from 1984 to 1990. In 1992, he became the first economic historian every to win one of the economics profession's most prestigious honors, the John R. Commons Award, which was established by the International Honors Society in Economics in 1965. His current research includes property rights, transaction costs, and economic organization in history as well as economic development in developing countries.