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The New Comparative Economics

Author

Listed:
  • Simeon Djankov
  • Edward L. Glaeser
  • Rafael La Porta
  • Florencio Lopez-de-Silanes
  • Andrei Shleifer

Abstract

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 tradeoff 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.

Suggested Citation

  • Simeon Djankov & Edward L. Glaeser & Rafael La Porta & Florencio Lopez-de-Silanes & Andrei Shleifer, 2003. "The New Comparative Economics," Harvard Institute of Economic Research Working Papers 2002, Harvard - Institute of Economic Research.
    • Handle: RePEc:fth:harver:2002
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    File URL: http://www.economics.harvard.edu/pub/hier/2003/HIER2002.pdf
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    JEL classification:

    • K1 - Law and Economics - - Basic Areas of Law
    • P1 - Political Economy and Comparative Economic Systems - - Capitalist Economies
    • P14 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Property Rights
    • P16 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Capitalist Institutions; Welfare State
    • P37 - Political Economy and Comparative Economic Systems - - Socialist Institutions and Their Transitions - - - Legal
    • P5 - Political Economy and Comparative Economic Systems - - Comparative Economic Systems
    • P51 - Political Economy and Comparative Economic Systems - - Comparative Economic Systems - - - Comparative Analysis of Economic Systems
    • H1 - Public Economics - - Structure and Scope of Government

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