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The New Comparative Economics

Author

Listed:
  • 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.

Suggested Citation

  • Andrei Shleifer & Simeon Djankov & Edward L. Glaeser & Rafael La Porta & Florencio Lopez de Silanes, 2003. "The New Comparative Economics," Yale School of Management Working Papers ysm355, Yale School of Management.
  • Handle: RePEc:ysm:somwrk:ysm355
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    JEL classification:

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

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