Culture and Economic Institutions
Alexandru Ioan Cuza University - Faculty of Economics and Business Administration
October 29, 2011
Institutionalism proves to be a very actual topic for the economists who search for answers regarding the understanding of the inner works of development. The left wing ideologies proved to be a bitter distraction. Economics have a positive and normative approach to the reality. We must find definitive answers for explaining development differences, where logically should have not been. Institutions are much more complex, and a single unitary vision can’t manage to provide the needed answers.
Number of Pages in PDF File: 11
Keywords: institutions, institutional change, right institutions
JEL Classification: B15working papers series
Date posted: January 30, 2012
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