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Economic History

  1. The Role of Institutions in the Revival of Trade: The Medieval Law Merchant (with Douglass North and Barry Weingast), Economics and Politics, 2, March 1990, 1-23.
    • Reprinted in Trade in the Pre-Modern Period: 1400-1700, edited by Douglas Irwin, London: Edward Elgar Publishing, 1996.
    • Reprinted in Reputation: Studies in the Voluntary Elicitation of Good Conduct, edited by Daniel B. Klein. Ann Arbor, University of Michigan Press, 1997.
    • Reprinted in The Political Economy of Institutions, edited by Claude Ménard, London, Edward Elgar Publishing, 2004.
    • Reprinted in International Institutions in the New Global Economy, edited by Lisa L Martin, London, Edward Elgar Publishing, 2005.
    • Reprinted in Anarchy and the Law, edited by Edward Stringham, New Brunswick, New Jersey: Transaction Publishers, 2006.
    • Reprinted in Social Norms, Non-Legal Sanctions, and the Law, edited by Eric A Posner, London, Edward Elgar Publishing, 2007.
  2. Coordination, Commitment and Enforcement: The Case of the Merchant Guild (with Avner Greif and Barry Weingast), Journal of Political Economy, 102(3), August 1994, 745-776.
    • Reprinted in Explaining Social Institutions, edited by Jack Knight and Itai Sened, Ann Arbor: University of Michigan Press, 1995.
    • Reprinted in Trust, edited by Elias Khalil, London: Edward Elgar Publishing, 2002.
    • Reprinted in The Foundations Library of the New Institutional Economics, edited by Claude Ménard, London, Edward Elgar Publishing, 2005.
    • Reprinted in Social Norms, Non-legal Sanctions, and the Law, edited by Eric Posner, London, Edward Elgar Publishing, 2007.
    • Reprinted in Customary Law and Economics, edited by Lisa Bernstein and Francesco Parisi, London, Edward Elgar Publishing, 2014.

Latest News

Dec 9 2020
In this pandemic year, Paul Milgrom and Bob Wilson received their Nobel prize medals and diplomas in an abbreviated ceremony in Paul's backyard on the morning of December 8. The discussion quickly turned to the sheer number of "firsts" associated with this Nobel prize in economics. It was the first...
Nov 5 2020
The 2020 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel has been awarded to Paul Milgrom and Robert Wilson "for improvements to auction theory and invention of new auction formats." As explained in the prize announcement, the prize is awarded annually by the Royal Swedish...
The American Economic Association has named Paul Milgrom a Distinguished Fellow, which is the associations highest honor for lifetime achievement. According to the award citation, Milgrom "is the world’s leading auction designer, having helped design many of the auctions for radio spectrum...