Beyond Institutions: Beliefs and Leadership

Journal of Economic History

Beyond Institutions: Beliefs and Leadership
Lee J. Alston
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Beliefs shape the choices of institutions. Beliefs are generally stable, but shocks that cause sufficiently unexpected economic and political outcomes make beliefs malleable. Within these windows of opportunity, leadership can play a role in shaping a new belief among the dominant organizations that in turn generates new institutions and over time a possible transition to a new developmental trajectory.


Alston, Lee J., (Author), "Beyond Institutions: Beliefs and Leadership", Published. Journal of Economic History, United States, vol 77, issue 2, pp. 353-372, 10 pages. Published June 12, 2017. doi: