Speaker
Marcos Lüdy
(University of CEMA)
Description
ABSTRACT: This paper aims to analyze the modern theory of institutions and its vital role in the development, prosperity and proper functioning of nations through the theoretical principles of Adam Smith. Taking the Smithian spontaneous order as a starting point, the epistemic and philosophical foundations that lead to the differentiation between extractive and inclusive institutions and their effects on society will be explained, then concluding with an argument in favor of spontaneous institutionality as a driving force for social progress or failure and, therefore, as a determining factor in the wealth of nations.
| Organization | University of CEMA, UCEMA Friedman Hayek Center, Buenos Aires, Argentina. |
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Primary author
Marcos Lüdy
(University of CEMA)
