Law, Informal Rules and Economic Performance

Language: English

Published by Edward Elgar Publishing Ltd, GB, 2009

1849800278 / 9781849800273

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Capitalism has outperformed all other systems and maintained a positive growth rate since it began. Svetozar Pejovich makes the case within this book that a major reason for the success of capitalism lies in the efficiency-friendly incentives of its basic institutions, which continuously adjust the rules of the game to the requirements of economic progress. The analysis throughout is consistent and is supported by evidence. Key components of the proposed theory are the rule of law, the market for institutions, the interaction thesis, the carriers of change, and the process of changing formal and informal institutions.This book will be of great interest to academics and students of law and economics, new institutional economics, comparative systems and public choice throughout the world and especially in East Asia and South America where institutional issues are being debated.

Seller Inventory # LU-9781849800273

Title
Law, Informal Rules and Economic Performance
Author
Enrico Colombatto, Svetozar Pejovich
Publisher
Edward Elgar Publishing Ltd, GB
Publication year
2009
Condition
New
Binding
Paperback
Language
English
ISBN 10
1849800278
ISBN 13
9781849800273

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