In this paper, I take a closer look at how very talented people read the institutional framework – and what choices they make inside of this framework. My aim is to develop a theory of institutional change based on the work of North, and especially his 1993 paper in which he called for the...

In this paper I present in detail a methodology I have designed based on Hidalgo and Hausmann's Method of Reflections. The application of the original Method of Reflections (MoR) is restricted to economies with trade value of more than a billion dollar (USD) export a year. Based on my...