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The New Comparative Economics

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

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.

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Paper provided by Harvard - Institute of Economic Research in its series Harvard Institute of Economic Research Working Papers with number 2002.

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Date of creation: 2003
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Handle: RePEc:fth:harver:2002
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