Quote by Douglass North

"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."

"Fear drives civilization. Without it, there is only chaos."

"Order through chaos. That's the only real answer."

"Politics and power corrupt when they're separated from purpose."

"The system isn't broken—it was built this way. We have to rebuild it."