Law, informal rules and economic performance : the case for common law / Svetozar Pejovich ; with contributions from Enrico Colombatto.

Format:

Book

Author/Creator:

Pejovich, Svetozar.

Contributor:

Colombatto, Enrico.

Language:

English

Subjects (All):

Rule of law.

Capitalism.

Physical Description:

1 online resource (190 p.)

Place of Publication:

Cheltenham, UK ; Northampton, MA : Edward Elgar, c2008.

Language Note:

English

Summary:

Capitalism has outperformed all other systems and maintained a positive growth rate since it began. This book shows 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.

Contents:

Cover; Contents; Tables; Foreword; Preface and acknowledgments; PART I Basic economic concepts; 1. The game and the rules of the game; 2. Transaction costs; PART II Transformation of the medieval community into modern society: the rise of classical liberalism, the rule of law and capitalism; 3. From the Middle Ages to capitalism; 4. Capitalism and the rule of law; Appendix: Afraid to be free: dependency as desideratum; 5. The law of contract and the judiciary; 6. The economic functions of the constitution; 7. Private property rights; 8. Capitalism, economic freedom and performance

9. The rule of law and capitalism: an overviewPART III Toward a theory of institutional change; 10. The method of analysis; 11. The interaction thesis; 12. The carriers of change: the role of entrepreneurs; 13. Formal institutions; 14. Informal institutions or cultural traditions: the role of pathfinders; 15. Efficiency-friendly institutional change within the structure of tradition; Index

Notes:

Description based upon print version of record.

Includes bibliographical references and index.

ISBN:

1-281-77961-X

9786611779610

1-84844-290-4

OCLC:

437220434