Quote by Douglass North
"We build institutions to solve problems, but the institutions we build often create new problems we did not anticipate."
"We build institutions to solve problems, but the institutions we build often create new problems we did not anticipate."
"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."