1. What seems to matter the most for development? 2. From the same article, why does it seem that good institutions matter more than good policy?

3. From this same article, how can geography influence institutions? For the rest of the questions, please read "The New Institutional Economics and Development" by Douglass C. North. 4. First, please describe the author. 5. What does North mean by "neo-classical economics?" 6. How does North say that the "new institutional economics" extends neo-classical economics? 7. How does North use game theory to describe the difficulty of institutions evolving to bring about economic growth? 8. How does North argue that development economics used to treat the state and what should it do instead? 9. Finally, how does North feel that formal rules and informal norms are different and how does this affect development?