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Diversity, or variety, is the essence of economic life in the sense of underlying choice; economic calculation gives numerical substance to how people make choices in their daily endeavours, either as consumers or entrepreneurs. How does variety/diversity takes shape in the realm of institutions...
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conclusion that 'history matters', since institutions clearly form and evolve over time. Unfortunately, however, the next logical … useful and distinctive insights to offer. This article endeavours to open and sustain a constructive dialogue between history …
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