Douglass North was one of the first to recognise that institutions change slowly and those who are a part of institutions resist any change that may negatively impact an individual’s interest whether it be economic or political. He went on to research the fact that intuitions which exist without the rule of law or a strong judicial mechanism remain dysfunction institutions until their last days. Continue reading
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#quarantine #treats #architecturalhistory #arthistory #visualculture #churcharchitecture #timetoread #unitedkingdomFlew over #windsorcastle when landing at @londonheathrow today. #fitting #welcomehome #princephilip #latergramThanks for all the #cafelatte drinks this #winter @fika.lillehammer! Looking forward to seeing you again soon #latteart @lillehammer_regionen #latergram#reflections #clouds #mjøsa #lillehammer #latergramGlorious yesterday. Overcast and wet today. 😅🤷🏻♀️#aboutyesterday #crosscountryskiing #norway #spring #latergram#happydays #endoftheseason #springskiing #skateskiing #windyday #norway🇳🇴