Fudamentals 4 (Institutions)
3 important questions on Fudamentals 4 (Institutions)
Is the relation between behavior and institutions reciprocal?
- Behaviour -> institutions
- We see people who have a problem, in order to have that problem in a structural way = institutions are the solution to recurring problems in a society.
- marriage as solution to regulating the relation between two people
- Institutions -> behaviour
- Rules prevent and regulate. E.g. Traffic rules
Why enforcement of rules?
Why are institutions inefficient?
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