Meaning: Douglass North's quote reflects the powerful influence of mentorship in shaping one's understanding and appreciation of economic theory. In this statement, North highlights the pivotal role played by his colleague Don Gordon in fostering his grasp of economic principles. The quote underscores the significance of personal interactions and mentorship in the acquisition of knowledge and the development of expertise.

As a prominent economist, Douglass North's work has significantly contributed to the field of institutional economics. His research focused on understanding the role of institutions in shaping economic development and societal progress. North's emphasis on the impact of institutions on economic behavior and outcomes has been influential in shaping economic theory and policy.

North's acknowledgment of Don Gordon's role in his intellectual development underscores the importance of personal relationships and mentorship in academic and professional growth. This insight is particularly relevant in the context of the academic environment, where collaboration and exchange of ideas are essential for intellectual advancement.

The reference to North's first job at the University of Washington in Seattle also highlights the formative nature of early career experiences. It suggests that the opportunity to engage with talented individuals such as Don Gordon played a crucial role in shaping North's understanding of economic theory. This underscores the significance of a supportive and intellectually stimulating work environment in facilitating learning and professional development.

The quote also sheds light on the value of engaging in activities outside of formal academic settings. North's experience of playing chess with Don Gordon not only provided a platform for intellectual exchange but also served as a means of informal learning. This highlights the multifaceted nature of knowledge acquisition, emphasizing the importance of diverse experiences and interactions in broadening one's understanding of complex concepts.

Furthermore, North's description of Don Gordon as a "brilliant young theorist" underscores the impact of engaging with individuals who possess deep expertise and innovative thinking. It suggests that mentorship is not only about imparting knowledge but also about inspiring and challenging mentees to push the boundaries of their understanding and capabilities.

In summary, Douglass North's quote encapsulates the profound influence of mentorship, personal interactions, and diverse experiences in shaping one's intellectual development. It underscores the significance of supportive work environments, engaging with talented individuals, and embracing diverse learning opportunities in the pursuit of knowledge and expertise in economic theory. North's acknowledgment of the pivotal role played by Don Gordon in his own intellectual journey serves as a reminder of the enduring impact of mentorship and collaboration in the advancement of economic thought and scholarship.

I hope this explanation provides you with a comprehensive understanding of the quote and its significance in the context of Douglass North's intellectual journey and contributions to economic theory.