A small number of functional institutions founded by exceptional individuals form the core of society.
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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.
4:53 PM - 19 Oct 2018
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