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The New Comparative Political Economy

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Author Info

  • Peter Boettke

    ()

  • Christopher Coyne

    ()

  • Peter Leeson

    ()

  • Frederic Sautet

    ()

Abstract

With the collapse of communism in the late 1980s the field of comparative political economy has undergone major revision. Socialism is no longer considered the viable alternative to capitalism it once was. We now recognize that the choice is between alternative institutional arrangements of capitalism. Progress in the field of comparative political economy is achieved by examining how different legal, political and social institutions shape economic behavior and impact economic performance. In this paper we survey the new learning in comparative political economy and suggest how this learning should redirect our attention in economic development. Copyright Springer Science + Business Media, Inc. 2005

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File URL: http://hdl.handle.net/10.1007/s11138-005-3113-0
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Bibliographic Info

Article provided by Springer in its journal The Review of Austrian Economics.

Volume (Year): 18 (2005)
Issue (Month): 3 (December)
Pages: 281-304

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Handle: RePEc:kap:revaec:v:18:y:2005:i:3:p:281-304

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Web page: http://www.springerlink.com/link.asp?id=100335

Related research

Keywords: comparative economics; culture; economic development; institutions;

References

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  1. Rutherford,Malcolm, 1996. "Institutions in Economics," Cambridge Books, Cambridge University Press, number 9780521574471, April.
  2. Boettke Peter J. & Coyne Christopher J. & Leeson Peter T., 2004. "The Many Faces of the Market," Journal des Economistes et des Etudes Humaines, De Gruyter, vol. 14(2), pages 1-18, December.
  3. Andrei Shleifer & Robert Vishny, 1992. "Pervasive Shortages under Socialism," RAND Journal of Economics, The RAND Corporation, vol. 23(2), pages 237-246, Summer.
  4. Anderson, Gary M & Boettke, Peter J, 1993. " Perestroika and Public Choice: The Economics of Autocratic Succession in a Rent-Seeking Society," Public Choice, Springer, vol. 75(2), pages 101-18, February.
  5. Kornai, Janos, 1992. "The Socialist System: The Political Economy of Communism," OUP Catalogue, Oxford University Press, number 9780198287766.
  6. James D. Gwartney & Robert A. Lawson & Randall G. Holcombe, 1999. "Economic Freedom and the Environment for Economic Growth," Journal of Institutional and Theoretical Economics (JITE), Mohr Siebeck, Tübingen, vol. 155(4), pages 643-, December.
  7. Douglass C. North, 2005. "Introduction to Understanding the Process of Economic Change
    [Understanding the Process of Economic Change]
    ," Introductory Chapters, Princeton University Press.
  8. Peter T. Leeson, 2006. "Self-Enforcing Arrangements and Heterogeneous Groups," American Journal of Economics and Sociology, Wiley Blackwell, vol. 65(4), pages 891-907, October.
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Citations

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Cited by:
  1. John Meadowcroft & Mark Pennington, 2008. "Bonding and bridging: Social capital and the communitarian critique of liberal markets," The Review of Austrian Economics, Springer, vol. 21(2), pages 119-133, September.
  2. J. Rosser & Marina Rosser, 2008. "A critique of the new comparative economics," The Review of Austrian Economics, Springer, vol. 21(1), pages 81-97, March.
  3. Boettke, Peter & Fink, Alexander, 2011. "Institutions first," MPRA Paper 32093, University Library of Munich, Germany.
  4. Daniel D’Amico, 2010. "Jesus Huerta de Soto, Book review of The Austrian school: Market order and entrepreneurial creativity," The Review of Austrian Economics, Springer, vol. 23(2), pages 193-198, June.
  5. Peter Boettke & Rosolino Candela, 2014. "Hayek, Leoni, and Law as the Fifth Factor of Production," Atlantic Economic Journal, International Atlantic Economic Society, vol. 42(2), pages 123-131, June.
  6. Leonid Krasnozhon, 2013. "Institutional stickiness of democracy in post-communist states: Can prevailing culture explain it?," The Review of Austrian Economics, Springer, vol. 26(2), pages 221-237, June.
  7. Nicholas Curott, 2010. "Christopher J. Coyne and Peter T. Leeson, Media, Development, and Institutional Change," The Review of Austrian Economics, Springer, vol. 23(4), pages 419-423, December.
  8. Harris, E., 2002. "Historical regulation of Victoria's water sector: A case of government failure?," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 51(3), September.
  9. Thierry Aimar, 2009. "The curious destiny of a heterodoxy: The Austrian economic tradition," The Review of Austrian Economics, Springer, vol. 22(3), pages 199-207, September.

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