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"The development of a political-economic framework to explore long-run institutional change occupied me during all of the 1980s and led to the publication of Institutions, Institutional Change and Economic Performance in 1990."
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"When things break, it's not the actual breaking that prevents them from getting back together again. It's because a little piece gets lost - the two remaining ends couldn't fit together even if they wanted to. The whole shape has changed."

"Every misfortune is a fortune."

"It's quite nice to see that I didn't have to change who I was to reach two very different types of people."

"We ask the great masses of India to be patient a short time longer, while the cause of freedom is being fought out, not because we want to delay, but because the hard facts of war make a complete change impossible at the moment."

"Don't conform. Don't live in a small dirty pond when the ocean of life is lovingly inviting you."

"No matter how disappointing you believe your life currently is, it is never too late to start reshaping it to become an amazing testimony."
Explore more quotes by Douglass North

"What the war did was give me the opportunity of three years of continuous reading, and it was in the course of reading that I became convinced that I should become an economist."

"I would be remiss if I left the impression that my life has been totally preoccupied with scholarly research."

"I went back to graduate school with the clear intention that what I wanted to do with my life was to improve societies, and the way to do that was to find out what made economies work the way they did or fail to work."

"While I was there I became deeply interested in photography, and indeed the most noteworthy event in my early life was winning first, third, fourth and seventh prizes in an international competition for college and high school students."

"My brother and sister are both older than I am and were born before my father went off to World War I."

"My early work and publications centered around expanding on the analysis of life insurance in my dissertation and its relationship to investment banking."

"I was opposed to World War II, and indeed on June 22, 1941 when Hitler invaded the Soviet Union I suddenly found myself the lone supporter of peace since everybody else had, because of their communist beliefs, shifted over to become supporters of the war."

"It was not until I got my first job, at the University of Washington in Seattle, and began playing chess with Don Gordon, a brilliant young theorist, that I learned economic theory."

"When it came time to go to college, I had been accepted for Harvard when my father was offered the position of head of the Metropolitan Life Insurance Company office on the west coast, and we moved to San Francisco."
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