Quote by Douglass North
"We are all institutional economists now, whether we admit it or not, because institutions shape everything we do."
"We are all institutional economists now, whether we admit it or not, because institutions shape everything we do."
"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."