„The view that now pervades much public policy economics implicitly presents the relevant choice as between an ideal norm and an existing "imperfect" institutional arrangement. This nirvana approach differs considerably from a comparative institution approach in which the relevant choice is between alternative real institutional arrangements.“

—  Harold Demsetz, Cited in: Eggertsson (1990; 22)
Harold Demsetz photo
Harold Demsetz7
American economist 1930

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„I think the Mussolinean institution of a third way alternative to communism is currently still very relevant.“

—  Gianfranco Fini Italian politician 1952
Corrado De Cesare, Il fascista del Duemila. Le radici del camerata Gianfranco Fini, Kaos Edizioni, 1995, .

„They (social costs) are damages or diseconomies sustained by the economy in general, which under different institutional conditions could be avoided. [... ] if these costs were inevitable under any kind of institutional arrangement they would not really present a special theoretical problem. [... ] to reveal their origin, the study of social costs must always be an institutional analysis. Such an analysis raises inevitably the question of institutional reform and policy.“

—  Karl William Kapp American economist 1910 - 1976
p. 186 cited in: Sebastian Berger and Mathew Forstater (2007) "Toward a Political Institutionalist Economics: Kapp’s Social Costs, Lowe’s Instrumental Analysis, and the European Institutionalist Approach to Environmental Policy". In: Journal of Economic Issues. Vol.XLI, No.2, June 2007. p. 539

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„... the importance of recovering the customs and the institutions of the past thus inaugurating the archaeological approach to art“

—  Raja Ravi Varma Indian painter 1848 - 1906
Varma spoke on the occasion of the exhibition of his painting of the Sabine Woman who were supposed to have inspired him .

John Marshall photo

„A constitution is framed for ages to come, and is designed to approach immortality as nearly as human institutions can approach it.“

—  John Marshall fourth Chief Justice of the United States 1755 - 1835
Cohens v. Virginia, 19 U.S. (6 Wheaton) 264, 387 (1821)

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