Basic components of an institutional understanding (Evolving note) Someone who has an interest in understanding the role of institutions in development, or institutional change will find it difficult to go about the task by ‘decoding’ the rules of the game and analysing them. The sheer mass of rules in any society will be overwhelming and will not be amenable to such analysis. Even that would be of limited help in understanding on how they operate. A more profitable approach would be to look at formative influences of institutions that are likely to have widespread influence. In this post, I look […]