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Институционална Еволюция На Обществата Към Отворен Достъп И Пазарна Размяна?
[Institutional Evolution of Societies towards Open Access and Market Exchange?]

Author

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  • Sedlarski, Teodor

Abstract

This article investigates the analytical line of reasoning in D. North’s, J. Wallis’ and B. Weingast’s research project “Violence and Social Orders”, which unifies in an institutional explanation scheme the control over violence in human societies, the equilibrium of interests among the ruling coalition that secures the peace, and the possible transition to impersonal exchange. As the market exchange isn’t a naturally given form of organizing social interaction, but requires erecting of specific institutional settings, this study demonstrates the new institutional approach to the explanation of the developments in economic history which made free markets and the democratic state organization possible during the European Renaissance. Research projects like Nort’s, Wallis’ and Weingast’s pave the way for creating a modern political economy, which - based on a contemporary analytical apparatus – synthesizes the achievements in the social sciences of the last decades with the tradition of the early economic thought.

Suggested Citation

  • Sedlarski, Teodor, 2012. "Институционална Еволюция На Обществата Към Отворен Достъп И Пазарна Размяна? [Institutional Evolution of Societies towards Open Access and Market Exchange?]," MPRA Paper 52427, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:52427
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    References listed on IDEAS

    as
    1. Greif, Avner, 1989. "Reputation and Coalitions in Medieval Trade: Evidence on the Maghribi Traders," The Journal of Economic History, Cambridge University Press, vol. 49(4), pages 857-882, December.
    2. Acemoglu,Daron & Robinson,James A., 2009. "Economic Origins of Dictatorship and Democracy," Cambridge Books, Cambridge University Press, number 9780521671422, September.
    3. Douglass C. North, 2005. "Introduction to Understanding the Process of Economic Change," Introductory Chapters, in: Understanding the Process of Economic Change, Princeton University Press.
    4. North,Douglass C. & Wallis,John Joseph & Weingast,Barry R., 2013. "Violence and Social Orders," Cambridge Books, Cambridge University Press, number 9781107646995.
    5. Weingast, Barry R, 1995. "The Economic Role of Political Institutions: Market-Preserving Federalism and Economic Development," The Journal of Law, Economics, and Organization, Oxford University Press, vol. 11(1), pages 1-31, April.
    6. Meltzer, Allan H & Richard, Scott F, 1981. "A Rational Theory of the Size of Government," Journal of Political Economy, University of Chicago Press, vol. 89(5), pages 914-927, October.
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    More about this item

    Keywords

    new economic history; institutional economics; political economy; open access societies; limited access societies; rule of law; impersonal exchange; monopoly of organized violence;
    All these keywords.

    JEL classification:

    • A12 - General Economics and Teaching - - General Economics - - - Relation of Economics to Other Disciplines
    • B23 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Econometrics; Quantitative and Mathematical Studies
    • B25 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Historical; Institutional; Evolutionary; Austrian; Stockholm School
    • B52 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Historical; Institutional; Evolutionary; Modern Monetary Theory;
    • O43 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Institutions and Growth
    • P16 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Capitalist Institutions; Welfare State
    • Z10 - Other Special Topics - - Cultural Economics - - - General

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