Definition of Institutions in Economics

This video explains how economists think about institutions and their function in the economy.

[ADB]

00:03 Institutions in economics are rules that structure human interaction
01:23 Institutions are the software that structures relationships in society.
02:35 Institutions enforce rules through roles and expectations.
03:47 Institutions in economics are shaped by societal norms and enforcement mechanisms.
05:03 Internal and external institutions and their relationship in corporate culture
06:16 Institutions in economics facilitate smoother interactions and limit opportunistic behavior.
07:24 Institutions in economics provide structure and resolve conflicts.
08:36 Institutions rely on mental infrastructure to function well.

[ahmuqasim]

Great introduction to institutions. Thank you.

[turbe]

Hey Ashley I'm glad to see you again after a long time, I missed you😢

[PurposefullyAimless]

Thanks for being such a great teacher!!

[Friemelkubus]

This is really great. Could you add some sources as well? It would help me with further reading. Thanks for uploading this!

[SafiyeGun]

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[omerademogluremix]

the guys started selling onschain from five cents

[kralofficial]

I bought four thousand dollars tokens from onschain, a year later I will sell it for forty or fifty thousand.

[officespaceredstapler]

This is an idealized explanation of the structure of institutions but what is little understood and never taught in "public" schools/Universities is that our current institutional structure (post "civil" war/ New Deal/trading with the enemy is that of a defacto "federal" private US "government" services corp standing in place of a de jure US gov and all it's subsidiary "state" corp govs. These private poser govs are all bankrupt/debtor in possession entities and in combination with the Fed Res and their debt based commercial currency have economically, politically and legally (civil privileges in exchange for unalienable rights) enslaved the American people and yet few even have a clue what has become of them. This and more is all born out in their law that we never bother to look

[halimgul-]

onschain! I already took my place, I bought fifty thousand tokens