kaal:claim:3782205-007

Core institutions are perceived as leaching from the economy only because of corruption, and well designed systems eliminate those economic frictions.

Source quote, verbatim

It is only corruption that leads them to be perceived as leaching from the economy. Well-designed systems eliminate those economic fric- tions.

From

Craig Calcaterra, Wulf A. Kaal, Eight Institutions for the Evolution of Decentralization (2021), Chapter 9. Eight institutions, p. 2
https://ssrn.com/abstract=3782205 · source PDF

Cite as

Craig Calcaterra, Wulf A. Kaal, Eight Institutions for the Evolution of Decentralization (2021). SSRN: https://ssrn.com/abstract=3782205

Classification

mechanismsupport: assertedeconomicsinstitutional-design

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