Quote by Douglass North
"The tragedy is not that we have institutions, but that we so often create institutions that work against human flourishing."
"The tragedy is not that we have institutions, but that we so often create institutions that work against human flourishing."
"Institutions are the humanly devised constraints that shape human interaction."
"The performance of economies over time is determined by institutions and institutional change."
"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."