The Sociological Imagination . Grove Press, 1959. A behaviorist theory of individual conduct and its effect on the group. 2.2 Platt, John. Social Traps, American Psychologist , August 1973, pp.
North provides a transaction cost theory of economic development.
He applies this theory to the history of economic development in Western Civilization. He shows the relationship between alternative institutional arrangements and economic development. An Introduction to institutions and inst. The behavior assumptions in a theory of institutions pp. 4.2 North, Ch 4 A transaction cost theory of exchange pp.