These functional institutions are imperfectly imitated by the rest of society, multiplying their effect.
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The original versions, of course, outperform their imitators, and are responsible for the creation and renewal of a society’s goods. Over time, functional institutions decay.
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As the landscape of founders and institutions changes, so does the landscape of society.
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End of conversation
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what are some crisp examples to illustrate the point?
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Meta: The use of the word crisp in this way has been increasing in recent times. (Or no?)
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haha, as I was typing it, it felt like something *I* overuse. Don’t have a good sense of broader usage
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