LAW INFORMAL RULES AND ECONOMIC PERFORMANCE
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- Author: SVETOZAR PEJOVICH
- ISBN: 9781845428730
- Availability: In Stock
Buy LAW INFORMAL RULES AND ECONOMIC PERFORMANCE | Law Books , FOREIGN BOOKS
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.