Why institutions matter

Recently the Brookings Institution, in cooperation with the Hoover Institution, published a policy brief on institutional change in the wake of the economic recession.  

In addition to providing suggestions for reforming current government institutions, the report recognizes the need to reform the political climate in order to create lasting change. The policy brief notes: “Today’s polarized political system is an obstacle to reform in every area, including the economy.”

Read the whole report here. (Thanks to the League of Women Voters Minnesota’s State of Democracy Minnesota blog for the reference!)