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Disintegration in ana institutionalized world

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  • Ewa Gruszewska

    (University of Bialystok)

Abstract

The institutionalized system is a result of human’s striving for an order that lowers the transaction costs and contributes to the increase of profits from economic activity. The system is still being transformed: new elements of the system are created; they are better fitted to a current economy status, they replace previous ones that did not show a satisfactory efficiency. The contradiction between formal and informal institutions may lead to a damage of existing solutions (namely formal ones).

Suggested Citation

  • Ewa Gruszewska, 2011. "Disintegration in ana institutionalized world," Ekonomia i Prawo, Uniwersytet Mikolaja Kopernika, vol. 7(1), pages 49-66, December.
    • Handle: RePEc:cpn:umkeip:v:7:y:2011:i:1:p:49-66
    DOI: 10.12775/EiP.2011.003
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    References listed on IDEAS

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    More about this item

    Keywords

    institutional system; transaction costs; integration;
    All these keywords.

    JEL classification:

    • A - General Economics and Teaching

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