Quote by Douglass North
"The challenge is not just to create better institutions but to sustain them."
"The challenge is not just to create better institutions but to sustain them."
"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."