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Institutional means relating to an institution in the sense of a humanly created and generally accepted social custom, usage, law, rule, principle or pattern of procedure or organization, etc., which pertains to, guides or regulates social conduct. Examples: Government, language, family, individual laws, private property, market society, money, etc.[1]


  1. Percy L. Greaves, Jr. "Mises Made Easier ", 1974. Referenced 2014-07-17.