Cultural change can stabilize or destabilize institutions independent of economics
Evidence
If cultural change is concordant, then existing unstable institutions can be transformed into steady-state institutions. If, on the other hand, cultural change is discordant, potentially stable institutional arrangements can be made unstable and initiate a process of institutional change. — Daron Acemoglu, Georgy Egorov, and Konstantin Sonin, Institutional Change and Institutional…, 841
Categorization
- DEFINE: Concordant means a group’s utility from the current state rises relative to alternatives; discordant means it falls.