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The New Comparative Economics

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  • Andrei Shleifer

    ()
    (Department of Economics)

  • Simeon Djankov

    ()
    (General)

  • Edward L. Glaeser

    ()
    (Department of Economics)

  • Rafael La Porta

    ()
    (Tuck School of Business)

  • Florencio Lopez de Silanes

    ()
    (School of Management)

Abstract

In recent years, the field of comparative economics refocused on the comparison of capitalist economies. The theme of the new research is that institutions exert a profound influence on economic development. We argue that, to understand capitalist institutions, one needs to understand the basic tradeoff between the costs of disorder and those of dictatorship. We apply this logic to study the structure of efficient institutions, the consequences of colonial transplantation, and the politics of institutional choice.

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Bibliographic Info

Paper provided by Yale School of Management in its series Yale School of Management Working Papers with number ysm355.

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Date of creation: 05 May 2003
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Handle: RePEc:ysm:somwrk:ysm355

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Web page: http://icf.som.yale.edu/
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