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- W48652411 abstract "Modern theories of institutions recognize that ‘the traditional behavioral assumptions have prevented economists from coming to grips with some very fundamental issues and that a modification of these assumptions is essential to progress further in the social sciences’. Douglass North argues in favour of important modifications of the behavioural assumptions. His starting point is the complex causal relationship between the subjective perception of individuals operating in an institutional environment. He is concerned with the existence of institutions over time, i.e., of the workings of formal and informal constraints on behaviour. These constraints define the opportunity set of individuals. They also partly shape the way people choose in the various social contexts that give meaning to the constraints." @default.
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- W48652411 date "2002-07-25" @default.
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- W48652411 title "The non-equivalence of the cases" @default.
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- W48652411 doi "https://doi.org/10.1017/cbo9780511491061.008" @default.
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