Formal Quotes - page 6
This suiting my humor so well; I did thenceforth prosecute it, (at School and in the University) not as a formal Study, but as a pleasing Diversion, at spare hours; as books of Arithmetick or others Mathematical fel occasionally in my way. For I had none to direct me, what books to read, or what to seek, or in what Method to proceed. For Mathematicks, (at that time, with us) were scarce looked upon as Academical Studies, but rather Mechanical; as the business of Traders, Merchants, Seamen, Carpenters, Surveyors of Lands, or the like; and perhaps some Almanack-makers in London.
John Wallis
Institutions are the humanly devised constraints that structure political, economic, and social interaction. They consist of both informal constraints (sanctions, taboos, customs, traditions, and codes of conduct), and formal rules (constitutions, laws, property rights). Throughout history, institutions have been devised by human beings to create order and reduce uncertainty in exchange.
Douglass North