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Veröffentlichungsversion
begutachtet
In: Economic Analysis: Theory and Practice (2014) 6 ; 34-45
Description:
The article is about the exogenous concept of institutional recurrence and institutional balance. The institutional cycle is considered as life cycle of socio-economic institutes, as the methodological basis of the institutional analysis for all kinds of economic cycles and processes. The author analyzes mutual conformity of formal and informal institutes at different stages of their cyclic development.