The Ideological Roots of Institutional Change

@inproceedings{Iyigun2017TheIR,
  title={The Ideological Roots of Institutional Change},
  author={Murat F. Iyigun and Jared Rubin},
  year={2017}
}
Why do some societies fail to adopt more effi cient institutions in response to changing economic conditions? And why are such failures often associated with a rise in traditional ideological beliefs? We propose an explanation that highlights the interplay– or lack thereof– between productivity shocks, institutions, and ideology. We conceptualize and formalize ideology as the process through which individuals use simplifying heuristics to make generalizations about the complex environment… CONTINUE READING

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