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https://doi.org/10.1017/CBO9781139171434.009

has been cited by the following article:

• TITLE: A Multidisciplinary Foundation of Inclusive Institutions Analysis

  AUTHORS: Piet Keizer

  KEYWORDS: Inclusive Institutions, Multi-Motivational Structure, (Ir)Rationality, (Im)Morality, Efficiency, Reason

  JOURNAL NAME: Theoretical Economics Letters, Vol.8 No.11, July 31, 2018

  ABSTRACT: In contrast to prevalent institutional theory this article offers a multi-motivated institutional analysis. Institutions are supposed to channel human behaviour, which is economically, socially and psychically driven, so as to maximize wealth, status and self-respect, respectively. The analysis shows that extractive institutions are the result of the irrationality and immorality, especially of the people in power. The significant reduction of these two characteristics is a necessary condition for a society to become more inclusive.