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This 2006 book presents a unifying concept of the term institution.
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It is widely believed that current disparities in economic, political, and social outcomes reflect distinct institutions. Institutions are invoked to explain wh
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An analytical framework for explaining the ways in which institutions and institutional change affect the performance of economies is developed in this analysis
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Brilliant and engagingly written, Why Nations Fail answers the question that has stumped the experts for centuries: Why are some nations rich and others poor, d
