Institutions and the Path to the Modern Economy

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Institutions and the Path to the Modern Economy

Institutions and the Path to the Modern Economy: Lessons from Medieval Trade by Avner Greif
English | 9 Mar. 2006 | ISBN: 0521671345, 0521480442 | 526 Pages | PDF | 2 MB

It is widely believed that current disparities in economic, political, and social outcomes reflect distinct institutions. Institutions are invoked to explain why some countries are rich and others poor, some democratic and others dictatorial.
But arguments of this sort gloss over the question of what institutions are, how they come about, and why they persist.

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Tags: Institutions, Modern, Economy

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