Yanovskiy, Konstantin; Shulgin, Sergey - Gaidar Institute for Economic Policy - 2013
significantly raising the efficacy level of the basal institutions, including the institution of private property. Morality is often … common. Besides, morality lowers the costs of constructing and implementation of formal institutions which protect private … property, as well as institutions friendly to the market. The Government’s pushing out the institution of the family and …