Economics, Econometrics and Finance
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The Future of Society: Understanding Institutional Change for Economic Progress

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SSRN Electronic Journal
An Introduction to the Theories of Institutional Change
Mario Coccia

Paper Summary

The article discusses how institutions, which are rules and expectations that guide human interactions in society, can change over time. It looks at different theories in economics that analyze this process and compares them to see what they have in common and where they differ. The main goal is to understand how institutions evolve and impact society.

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