Institutions shape not just what we can do but what we even ... - Douglass North

"Institutions shape not just what we can do but what we even imagine doing."

Douglass North Imagination

Economist Historian American 1920–2015

More from 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."

"Imagination is more powerful than knowledge."

"The world is full of wonders if you know where to look."

"You have the imagination of a child, Lucy"

"The world is full of mysteries waiting to be solved."