In this age of multicultural democracy, the idea of assimilation - that the social distance separating immigrants and their children from the mainstream of American society closes over time - seems outdated and, in some forms, even offensive. But as Richard Alba and Victor Nee show in the first syst[...]

Institutions play a pivotal role in structuring economic and social transactions, and understanding the foundations of social norms, networks, and beliefs within institutions is crucial to explaining much of what occurs in modern economies. This volume integrates two increasingly visible streams of [...]