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Beyond Institutions: Beliefs and Leadership

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  • Alston, Lee J.

Abstract

Beliefs shape the choices of institutions. Beliefs are generally stable, but shocks that cause sufficiently unexpected economic and political outcomes make beliefs malleable. Within these windows of opportunity, leadership can play a role in shaping a new belief among the dominant organizations that in turn generates new institutions and over time a possible transition to a new developmental trajectory.

Suggested Citation

  • Alston, Lee J., 2017. "Beyond Institutions: Beliefs and Leadership," The Journal of Economic History, Cambridge University Press, vol. 77(2), pages 353-372, June.
    • Handle: RePEc:cup:jechis:v:77:y:2017:i:02:p:353-372_00
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    Cited by:

    1. Monica Bozzano & Gabriele Cappelli, 2019. "The legacy of history or the outcome of reforms? Primary education and literacy in Liberal Italy (1871-1911)," Department of Economics University of Siena 801, Department of Economics, University of Siena.
    2. Harris,Colin & Cai,Meina & Murtazashvili,Ilia & Murtazashvili,Jennifer Brick, 2020. "The Origins and Consequences of Property Rights," Cambridge Books, Cambridge University Press, number 9781108969055.
    3. Baxter Jamie, 2019. "Leadership, Law and Development," The Law and Development Review, De Gruyter, vol. 12(1), pages 119-158, January.

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