development of social norms, and suggests that religion and family organization are potential mediators. It turns out that many …. Given that successful economic development presupposes the congruence between formal institutions and social norms, this …

all. Our empirical evidence does, however, support not only the "primacy of institutions" view, but also the important …

Over the last couple of decades, it has become a commonplace to claim that institutions matterʺ for economic … development. Yet, institutions are not exogenous but the result of hu-man action. It is argued here that the values and norms held … by substantial parts of society’s members are an important determinant of its institutions. It is further argued that …