While both cultural and legal norms (institutions) help foster cooperation, culture is the more primitive of the two … and itself sustains formal institutions. Cultural changes are rarer and slower than changes in legal institutions, which …

Why is underdevelopment so persistent? One explanation is that poor countries do not have institutions that can support … growth. Because institutions (both good and bad) are persistent, underdevelopment is persistent. An alternative view is that … economic institutions persist even in fairly democratic but poor societies, and the second because it does not explain why poor …

This survey reviews the recent research on trust, institutions and economic development. It discusses the various … institutions and policies can affect trust and promote pro-social behaviors. …