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It is widely believed that current disparities in economic, political, and social outcomes reflect distinct institutions. Institutions are invoked to explain why some countries are rich and others poor, some democratic and others dictatorial. But arguments of this sort gloss over the question of what institutions are.Greif, Avner is the author of 'Institutions And The Path to the Modern Economy Lessons from Medieval Trade', published 2006 under ISBN 9780521480444 and ISBN 0521480442.
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