Law, informal rules and economic performance: the case for common law

pt. 1. Basic economic concepts -- pt. 2. Transformation of the Medieval community into modern society : the rise of classical liberalism, the rule of law and capitalism -- pt. 3. Toward a theory of institutional change

Gespeichert in:
Bibliographische Detailangaben
1. Verfasser: Pejovich, Svetozar (VerfasserIn)
Format: Elektronisch E-Book
Sprache:English
Veröffentlicht: Cheltenham ; Northampton, Mass Edward Elgar c2008
Schriftenreihe:Edward Elgar E-Book Archive
Schlagworte:
Online-Zugang:DE-12
DE-634
DE-1043
DE-1046
DE-573
DE-M347
DE-898
DE-859
DE-860
DE-861
DE-863
DE-862
DE-Re13
DE-91
DE-473
DE-19
DE-355
DE-703
DE-20
DE-706
DE-824
DE-29
DE-739
Volltext
Zusammenfassung:pt. 1. Basic economic concepts -- pt. 2. Transformation of the Medieval community into modern society : the rise of classical liberalism, the rule of law and capitalism -- pt. 3. Toward a theory of institutional change
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
Beschreibung:Includes bibliographical references and index
Beschreibung:1 Online-Ressource (xi, 178 Seiten)
ISBN:9781848442900
DOI:10.4337/9781848442900