EN

Article

Institutions

Douglass C. North · Journal of Economic Perspectives, 5(1), 97–112 · 1991

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Type: Article
Author: Douglass C. North
Identifier: DOI 10.1257/jep.5.1.97
Accessed: 2026-09-01

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EstablishedNorth defined institutions as 'the humanly devised constraints that structure political, economic, and social interaction', consisting of informal constraints and formal rules.