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Law, Informal Rules and Economic Performance: The Case for Common Law

Law, Informal Rules and Economic Performance: The Case for Common Law (Hardback)

£79.00
To Order. Estimated despatch in 1-3 weeks.
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Synopsis

Capitalism has outperformed all other systems and maintained a positive growth rate since it began. Svetozar Pejovich makes the case within this book that a major reason for the success of capitalism lies in the efficiency-friendly incentives of its basic institutions, which continuously adjust the rules of the game to the requirements of economic progress. The analysis throughout is consistent and is supported by evidence. Key components of the proposed theory are the rule of law, the market for institutions, the interaction thesis, the carriers of change, and the process of changing formal and informal institutions.



This book will be of great interest to academics and students of law and economics, new institutional economics, comparative systems and public choice throughout the world and especially in East Asia and South America where institutional issues are being debated.

BusinessEconomicsEconomic theory & philosophyLawJurisprudence & general issuesSystems of lawCommon law Publisher: Edward Elgar Publishing Ltd Publication Date: 13/06/2008 ISBN-13: 9781845428730  Details: Type: Hardback Format: Books
Availability: To Order. Estimated despatch in 1-3 weeks.  

Svetozar Pejovich, Professor Emeritus, Texas A&M University, US, Honorary Doctorate, University of Belgrade, Serbia and Professor of Law and Economics, University of Donja Gorica, Montenegro; with contributions from Enrico Colombatto, Professor of Economics, School of Economics, University of Turin, Italy

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