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Why isn't the whole world developed? This toolkit for institutional analysis explains how rules affect the performance of countries, firms, and even families.
List of contents
Introduction; Part I. From Institutions to Economic Outcomes: 1. Institutions and property rights; 2. Property rights and transaction costs; 3. Organizations and contracts; Part II. From Economic Outcomes to Political Performance: 4. Special interests and citizens; 5. The legislature and executive; 6. Bureaucracies; 7. The judicial system; Part III. The Dynamics of Economic and Political Development: 8. Developmental trajectories: institutional deepening and critical transitions; 9. Case studies of critical transitions: Argentina, Brazil, Ecuador, and the United States; Conclusion.
About the author
Eric Alston is a Scholar in Residence in the Finance Division and the Faculty Director of the Hernando de Soto Capital Markets Program in the Leeds School of Business at the University of Colorado Boulder. He also serves as a Research Associate with the Comparative Constitutions Project.Lee J. Alston is the Ostrom Chair, Professor of Economics and Law, and Director of the Ostrom Workshop at Indiana University. He is a Research Associate at the NBER. Alston is Past-President of the International Society for New Institutional Economics, and the Economic History Association.Bernardo Mueller is a lecturer at the Department of Economics at the University of Brasília. He is the co-author of Brazil in Transition: Beliefs, Leadership, and Institutional Change (2016), along with Lee J. Alston, Marcus André Melo, and Carlos Pereira.Tomas Nonnenmacher is the Patricia Bush Tippie Chair of Economics and the Co-director of the Center for Business and Economics at Allegheny College, Pennsylvania. He is an affiliated faculty member at the Ostrom Workshop.
Summary
What explains the variability in economic growth and political development across countries? This toolkit for institutional analysis looks at the effect of institutions, such as policies and laws, and the process by which those institutions are created. It explains how rules affect the performance of countries, firms, and even families.
