Quote by Douglass North
"The quality of governance institutions determines whether a nation rises or falls in the long run."
"The quality of governance institutions determines whether a nation rises or falls in the long run."
"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."