“It is only through multilateral institutions that States can hold each other to account. And that makes it very important to organize those institutions in a fair and democratic way, giving the poor and the weak some influence over the actions of the rich and the strong.”

—  Kofi Annan

Truman Library address (2006)

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Kofi Annan60
7th Secretary-General of the United Nations 1938–2018

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Kofi Annan photo

“It is only through multilateral institutions that States can hold each other to account.”

Kofi Annan (1938–2018) 7th Secretary-General of the United Nations

Truman Library address (2006)
Context: It is only through multilateral institutions that States can hold each other to account. And that makes it very important to organize those institutions in a fair and democratic way, giving the poor and the weak some influence over the actions of the rich and the strong.

George W. Bush photo

“The objectives I've laid out for multilateral institutions--confronting terror, opposing tyranny, and promoting effective development--are difficult, but they are necessary tasks. To have maximum impact, multilateral institutions must take on challenging missions. And like all of us in this chamber, they must work toward measurable goals, be accountable for their actions, and hold true to their word.”

George W. Bush (1946) 43rd President of the United States

2000s, 2008, Address to the United Nations General Assembly (September 2008)

George Soros photo

“Each state is guided by its interests, not by some nebulous concept of common interest. And not many states are even democratic. So, you have a problem with the concept between international institutions and sovereignty. To my mind, there is a solution which has to do with democracy, because democratic governments are subject to the will of the people. So, if the people will it, you can actually create international institutions through the democratic states.”

George Soros (1930) Hungarian-American business magnate, investor, and philanthropist

Interview with Mark Shapiro (2000)

Adam Smith photo

“Civil government, so far as it is instituted for the security of property, is in reality instituted for the defence of the rich against the poor, or of those who have some property against those who have none at all.”

Adam Smith (1723–1790) Scottish moral philosopher and political economist

Source: (1776), Book V, Chapter I, Part II, 775.

Chetan Bhagat photo

“God gives talent so that the ordinary person can become extraordinary. Talent is the only way the poor can become rich. Otherwise, in this world the rich would remain rich and the poor would remain poor. This unfair talent actually creates a balance, helps to make the world fair.”

Chetan Bhagat book The 3 Mistakes of My Life

Source: The 3 Mistakes of My Life (2008), P. 61

“Institutional theories of organization provide a rich, complex view of organizations. In these theories, organizations are influenced by normative pressures, sometimes arising from external sources such as the state, other times arising from within the organization itself. Under some conditions, these pressures lead the organization to be guided by legitimated elements, from standard operating procedures to professional certification and state requirement, which often have the effect of directing attention away from task performance… Institutional theories of organization have spread rapidly, a testimony to the power of the imaginative ideas developed in theoretical and empirical work.”

Lynne G. Zucker American sociologist

Lynne G. Zucker (‎1987). "Institutional Theories of Organization," In: Annual Review of Sociology Vol. 13: 443-464

Geoffrey Hodgson photo

“The use of the term institution has become widespread in the social sciences in recent years, reflecting the growth in institutional economics and the use of the institution concept in several other disciplines, including philosophy, sociology, politics, and geography. The term has a long history of usage in the social sciences, dating back at least to Giambattista Vico in his Scienza Nuova of 1725. However, even today, there is no unanimity in the definition of this concept. Furthermore, endless disputes over the definitions of key terms such as institution and organization have led some writers to give up matters of definition and to propose getting down somehow to practical matters instead. But it is not possible to carry out any empirical or theoretical analysis of how institutions or organizations work without having some adequate conception of what an institution or an organization is. This paper proposes that those that give up are acting in haste; potentially consensual definitions of these terms are possible, once we overcome a few obstacles and difficulties in the way. It is also important to avoid some biases in the study of institutions, where institutions and characteristics of a particular type are overgeneralized to the set”

Geoffrey Hodgson (1946) British economist

Source: Economics and institutions." 1988, p. 1; Abstract

Richard A. Posner photo

“The importance to economics of the study of institutions is no longer a controversial proposition, thanks in part to the scholarly literature generated by the new institutional economics movement. Institutions are more than organizations – property is an institution, but not an organization – but organizations are an important form of institution and will be the focus of my paper, as it is, to a considerable extent, of the new institutional economics.”

Richard A. Posner (1939) United States federal judge

"From the new institutional economics to organization economics: with applications to corporate governance, government agencies, and legal institutions" (2010).

Barack Obama photo

“Sometimes I'm criticized in my own country for professing a belief in international norms and multilateral institutions. But I am convinced that in the long run, giving up some freedom of action – not giving up our ability to protect ourselves or pursue our core interests, but binding ourselves to international rules over the long term – enhances our security.”

Barack Obama (1961) 44th President of the United States of America

2016, United Nations Address (September 2016)

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