Fconomlc Growth TbdolEd

th.! belicw ih it hiw .l tk putht to @turdL 12 n.rla Ml@im P@A bQ
atque b &d with all ttu @tuitg.tid tie tl! platos tuull tl@ equik'btf in tk
prcjtt. Iro*ev1 tc u,&ntad tltd wt o b.h@iord dru,ptio, vo"U be vtu'g tiB
owrtunifl ml botn&d latiohality oE codkon hehdioral hats
Ikn $d MdF (l9AO) .xplah rhe cdetiv.ss of 6nF&tins iNlilutim in tmt ol
inwstrdr rld llsM .lloclid s lhcy .E infl@...d bv God ofdtra'lina ln @ or
conplele ud sllc$ @filcring (dEfting I suihble 4ltract speirying ft ptniciPolis
.ighls m{t obligtrions unde..vcry cdceivtblc dtoudsce} .s .$umed in neo clesiqr
rh@dca, oNn€d p snEluE ds nol n.icr' How.vs, it Gd *odd a nMbq of ou&oms
!E df@bk anl.@ il lhey re .I@' .d fq il vutd bc cosrlv. cnM !d lltd
(1986) tunha cl.boEbs lhli in abs@ of p.rfst dl@lin& whcF lhft is. lo.g lisl of
righis over 6srs all dSnls tol *rinen in !n sgrt4.nt od $e residul drnts &e ds lholghl
b b. p@h,e.d by lhc Frchlg- ttee lhc elkr l@ dlc nd . H@8, tlE prie plid
by thc F@|i'g k dlt of {* dshts wia.. in Murcrs Thit ml6 d' ella llr|s{fr'r-
polt clusine th. sll6 to u.d.r inY6l dd pomhe io ovqirwsl A tldim sp6l'ic
intshenr (*ilh linl. or no vtlrc oulsid. lh. 6ladon) is hord lo .chieve a. Ml wodd, and
e@lin€s rtE ufM drcdlBbr.|n. bllt ol.x pcr stdw TnL wdld dd'r't{nL
inrcsr,ncnt tHltin8 in imf6oi.mi6
Olson ( | 932) 6lls innituiios ts mileliv. g@d. He dicnds id:
'rh. Ius- ttu ndbo oJ inltrid@Is or fm that *o d b.wit Jrcn a @Iediw Eoo4 th'
snall.r tlc st@ ol ttu eons fun dtd it nt stup ituE t et vill ere to tk
i,,.Iei.t1at or fm lan aNb4d2s tlc atie 116, i, tk dbee ol ebdiv i@i*s ttc
t@diw tn grcup dt n dininklgs 6 A.oup tue irtu^e!, M that lae. Emups w htr
obl. to @t in their cohtun lnees tlw Mall otus."