Elements of economic culture as informal institutions in the economic development of Germany
Elements of economic culture as informal institutions in the economic development of Germany

Summary/Abstract: Motivation: The author is interested in the problem of the economic development of a state wherein economic capital is described as a set of elements creating economic culture and informal institutions. Aim: Identification of the operational conditions and manifesta-tions of institutional economics in Germany may obtain an accurate picture and under-standing of the functioning their counterparts in Poland. Article is also a proposal for the development of research in the field of institutional economics and economic culture. Re-sults: Putting the thesis that the German economy belongs to the group of the strongest in the world, the study revealed a pattern of results where the institutions were proposed as part of institutional economics, which determine economic development.

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