In this article, we provide a broad overview of the interplay among cognition, belief systems, and institutions, and how they affect economic performance. We argue that a deeper understanding of institutions emergence, their working properties, and their effect on economic and political outcomes...

In this work we shall attempt an excursus across fundamentally different streams of modern interpretations of the "primitive entities" constituting the social fabrics of economic systems. Behind each specific interpretative story, there is a set of ceteris paribus assumptions and also some...