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The new comparative economics

  • Djankov, Simeon
  • Glaeser, Edward
  • La Porta, Rafael
  • Lopez-de-Silanes, Florencio
  • Shleifer, Andrei

In recent years, comparative economics experienced a revival, with a new focus on comparing 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 trade-off between the costs of disorder and those of dictatorship. We then 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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Article provided by Elsevier in its journal Journal of Comparative Economics.

Volume (Year): 31 (2003)
Issue (Month): 4 (December)
Pages: 595-619

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Handle: RePEc:eee:jcecon:v:31:y:2003:i:4:p:595-619
Contact details of provider: Web page: http://www.elsevier.com/locate/inca/622864

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