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Disintegration in ana institutionalized world


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  • Ewa Gruszewska

    (University of Bialystok)

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    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).

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    Bibliographic Info

    Article provided by Uniwersytet Mikolaja Kopernika in its journal Ekonomia i Prawo.

    Volume (Year): VII/2011 (2011)
    Issue (Month): ()
    Pages: 49-66

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    Handle: RePEc:cpn:umkeip:vii/2011:p:49-66

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    Related research

    Keywords: institutional system; transaction costs; integration;


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