"We are concerned here with the creation of non-market institutions for reducing the cost of risk in poor agrarian … Institutions, the formal and informal rules that order and constrain human relations, affect three critical aspects of economic … individual and communal income and consumption. Here we examine primarily the role of agrarian institutions in containing risk or …

whether the choice of institutions depends on the historical experience and the stock of knowledge of economic agents. We …

The author considers the place and role of institutions in the modern economy, the development of the economy under the … influence of the evolution of its institutions. This article analyzes the concept of the new economy, changing cost structures …, customer behavior and problems analysis of the institutions of the economic reality. …

North's evolving ideas about institutions and explains how North's work shaped the emerging field of new institutional …

implications. In a model of diversification against risk, we distinguish between investments in institutions that facilitate …

either the emergence of institutions or the origins of organizations given its static, ahistorical and universalistic nature. …