Introduction -- The Foundations: Human Needs and Cultural Background -- Culture in Economic Thinking -- Cultural Background and Economic System -- The Effect of Cultural Background on Incentives, Growth and Distribution and Vice Versa -- Cultural Background and Rationality -- The Cultural...

The paper uses nonparametric methodology to examine the role of institutions in understanding differential levels of development across countries. This technique estimates first order derivatives for every country allowing a deeper look into the impact of institutions on development. The...