Quote by Douglass North
"The performance of economies over time is determined by institutions and institutional change."
"The performance of economies over time is determined by institutions and institutional change."
"Institutions are the humanly devised constraints that shape human interaction."
"Ideas have consequences, and the ideas we hold shape the institutions we create."
"Economic history is fundamentally about understanding how societies organize production and exchange."
"Property rights are the foundation upon which all economic activity rests."