Why do some societies fail to adopt more efficient political and economic institutions in response to changing economic … productivity, cultural beliefs and institutions. In our model, production shocks that benefit one sector of the economy may induce …

Why do some societies fail to adopt more efficient institutions in response to changing economic conditions? And why do … institutions. When new technologies emerge, uncertainty results from a lack of understanding how the technology will fit with … prevailing ideologies and institutions. This uncertainty discourages investment in institutions and the cultural capital …

There is a broad agreement that political and economic institutions matter for long-term development. Yet relatively … little is known as to how to adopt good quality institutions and reform weak or poor institutions, for which one needs to … know how institutions change. This paper provides a systematic econometric investigation of long-run patterns of …

of language. Moreover, language and understanding, surely when related to most institutions in real life, delineate and … draw from John Davis’ (2003) analysis of the individual in posing the questions: what differentiates institutions, and how … can changing institutions be identified through time and space? Our analysis develops Searle’s (2005) argument that …