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The Role of Institutions in the Rise and Fall of Classical Greece
The rise and fall of classical Greece can be attributed to the understanding of institutions as shared ways of interacting rather than defined entities. Institutions represent common bases for decision-making and organizing societies, rooted in shared understanding of rules for engagement. While formal institutions like constitutional orders and rules of law are essential, informal institutions and cultural norms are equally important for their sustenance. The interaction between norms and formal rules is pivotal for the development and flourishing of a society, as seen in the history of the Greek world.