This innovative Handbook presents a comprehensive overview of the significance of complexity theory for understanding institutions. Eminent scholars analyse the key tools and concepts of the field, including emergence, networks, ergodicity, and modularity, exploring their contributions to institutional formulation and evolution.Bridging the gap between complexity theory and mainstream economics, this pioneering Handbook reveals novel approaches to understanding in...

What explains the great variability in economic growth and political development across countries? Institutional and organizational analysis has developed since the 1970s into a powerful toolkit, which argues that institutions and norms rather than geography, culture, or technology are the primary causes of sustainable development. Institutions are rules that recognized authorities create and enforce. Norms are rules created by long-standing patterns of behavior, shared by people in a soci...