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Author: | Tabellini, G. |
Title: | Presidential address: Institutions and culture |
Journal: | Journal of the European Economic Association
2008 : APR/MAY, VOL. 6:2-3, p. 255-294 |
Index terms: | culture institutions |
Freeterms: | values |
Language: | eng |
Abstract: | It is asked, how and why distant political and economic history shape the functioning of current institutions (henceforth as: insts). It is argued that individual values and convictions about the scope of application of norms of good conduct provide the "missing link". Based on evidence there are two main findings: 1. Individual values consistent with generalized morality (here as: gen-mrlty.) are widespread in societies, 2. Well-functioning insts. are often found in countries or regions where individual values are consistent with gen-mrlty. |
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