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The Institution Builder’s Toolbox
book

The Institution Builder’s Toolbox

by Jeswald W. Salacuse
May 2024
Intermediate to advanced content levelIntermediate to advanced
138 pages
3h 20m
English
Business Expert Press
Content preview from The Institution Builder’s Toolbox

CHAPTER 1

The Nature and Significance of Institutions

In none of my efforts at institution building did I lay a brick, dig a foundation, or erect a wall. In fact, none of my work had much to do with the physical structures that most people associate with the word “institutions,” structures like imposing courthouses, shimmering laboratories, and towering office buildings. Those things are just physical manifestations of institutions. They are not the institutions themselves or their essence that institution builders must create to succeed at their task.

Definitions

Numerous scholars have sought to capture that essence in definitions. Douglass C. North, recipient of the Nobel Prize in economics for his work on institutions, defined them as “the ...

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Publisher Resources

ISBN: 9781637425954