Douglass North Quotes
To predict the future we would have to know today what we will learn tomorrow which will shape our future actions
Topics
Anticipation
Ignorance
Today
Uncertainty
Forecasting
Foresight
Strategic Planning
Learning Process
Shapes
Future Prediction
Future Uncertainty
Knowledge Acquisition
Long-Term Vision
Predictive Modeling
prospective thinking
temporal knowledge
future actions
Knowledge Limitation
Action Consequences
Information Limitation
Causality Loop
Citations
North, Douglass C. Understanding the Process of Economic Change. Princeton University Press, 2005.
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Douglass Cecil North was an American economist known for his work in economic history. He was 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 "renewed research in economic history by applying economic theory and quantitative methods in order to explain economic and institutional change."