ABSTRACT
Institutions, as the rules of the game, structure human interaction. Institu-
tions need to be distinguished from organizations, who are the players of the game. Institutional change emerges out of the interaction between
organizations and institutions (North, 1990: 70). The type of organizations
that emerge in certain periods and places is largely determined by rules and
regulations (ibid.: 5). Institutional change also occurs when people break
the rules in crime or by regime change. The type of institutional change
thus depends on the type of organizations that come to the fore in a legal or
illegal manner.
