Quote by Douglass North
"Institutional diversity is important; what works for one nation may not work for another."
"Institutional diversity is important; what works for one nation may not work for another."
"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."