Abstract
aframeworkofhuman theformalandinformalnorm
Institution,as action,is
basedon of andvalue
givenideology,culturetraditions,waysthinking conception.It
isestablishedto restrictionand tothe and
bring prompt doers(individuals
tO andmaintainthe
constitute reliable the
organizations),and relationshipamong
iSthe to inanarrow inthebroad
right right sense,while
parties.Property belongings
sense,it the tothree and
comprisesrights dimensions:life,belongingspoliticalrights.
Social hasthreedifferentconnotationswhich the
capital covermacro,mesneand
levels.VAluekerneliStheimmanent
micro formof
conceptionalinstitution,while
institutionconfornlationisexteriorand formof formal
explicit institution.including
andinforillalinstitution.
IntheInstitutional of essence
C.North,thedriveof
ChangeTheoryDouglass
fromthe of
institutionalcomes inspiration right
changes propertytights.Property
tO
institutionisthedeterminantfactor economic functionof
promote growth.nle
stateisto rational asto economic
institution,SO
provide propertyright promote
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