The Law-Growth Nexus: The Rule of Law And Economic Development
"Very thoughtful book...highly readable to the interested lay person." —Kenneth M. Davidson, American Antitrust Institute,American Antitrust Institute Commentary, 2/19/2007"A serious, comprehensive study...Dam provides a critical examination of the literature regarding the rule of law issue...This extraordinary study should be in every economic development collection. Excellent bibliography. Essential." —M. Veseth, University of Puget Sound,CHOICE, 5/1/2007"Dam shows clearly that every country is different and that there are no ready solutions and he provides policy makers with a framework that they have to take into account when enacting new legal rules." —Global and European Law Books, 10/5/2007"An informative and fresh look at the relationship of law to economic development that will be of use to newcomers to the subject as well as seasoned researchers. This book could be used as a textbook for the study of law and development." —Development and Change"An excellent contribution to this burgeoning literature....Dam does an excellent job of succinctly explaining the assumptions and methodology that led the law and finance literature to conclude that the common law is superior to the civil law in terms of being conducive to economic growth." —Law & Politics Book Review"Ken Dam applies the thinking of a brilliant lawyer and the experience of a participant to the issues of economic development and gives us a book full of fresh and illuminating ideas. Read and learn." —George P. Shultz, Distinguished Fellow at the Hoover Institution and former US secretary of state and of the Treasury"Ken Dam shows that while many institutions are important to growth, claims about the contribution of different legal systems to growth often have little empirical support. I highly recommend this book as a valuable study of the role of the judiciary and other legal institutions in determining whether countries experience significant economic growth." —Gary S. Becker, University of Chicago, and 1992 recipient of the Nobel Prize in Economics