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The Impact of Rules on Economic Activity

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  • Veronica Coca
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    Abstract

    The aim of this paper is to present the importance of the rules, the importance of those rules that influence economic activity. It will be presented the institutions starting from the "rules of the game" until the "rule of law". Then it will be explained the concept of "spontaneous order" and the importance of that order in society. For a good economic activity, we need a “good governance”. It will be explained what this means good governance and how addiction affects about institutional change.

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    File URL: http://sceco.ub.ro/DATABASE/repec/pdf/2010/20101533.pdf
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    Bibliographic Info

    Article provided by "Vasile Alecsandri" University of Bacau, Faculty of Economic Sciences in its journal Studies and Scientific Researches. Economics Edition.

    Volume (Year): (2010)
    Issue (Month): 15 ()
    Pages:

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    Handle: RePEc:bac:fsecub:10-15-33

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    Related research

    Keywords: Rules; governance; path dependence; order; institutions;

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    1. Buchanan, James M., 1986. "The Constitution of Economic Policy," Nobel Prize in Economics documents 1986-1, Nobel Prize Committee.
    2. Voigt, Stefan, 1997. " Positive Constitutional Economics: A Survey," Public Choice, Springer, vol. 90(1-4), pages 11-53, March.
    3. Greif, Avner, 2008. "Contract enforcement and institutions among the Maghribi Traders: Refuting Edwards and Ogilvie," MPRA Paper 9610, University Library of Munich, Germany.
    4. Timothy Besley, 2007. "The New Political Economy," Economic Journal, Royal Economic Society, vol. 117(524), pages F570-F587, November.
    5. Erica Field, 2007. "Entitled to Work: Urban Property Rights and Labor Supply in Peru," The Quarterly Journal of Economics, MIT Press, vol. 122(4), pages 1561-1602, November.
    6. Avinash Dixit, 2009. "Governance Institutions and Economic Activity," American Economic Review, American Economic Association, vol. 99(1), pages 5-24, March.
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