Hobbes to Rousseau
Subtitle: inequality, institutions, and development
By: by Matteo Cervellati, Pier-Giuseppe Fortunato, Uwe Sunde.
Contributors: Fortunato, Pier-Giuseppe
Series: Discussion paper ;; no. 1450; Discussion paper (Forschungsinstitut zur Zukunft der Arbeit : Online) ;; no. 1450
Publisher: IZA
Published: 2005
Place of publication: Bonn, Germany
Language: eng
Format: Electronic resource
Subjects: Associations, institutions, etc.; Equality.; Democratization.; Income distribution.; Economic development.
Description: "We analyze the endogenous evolution of economic and political institutions and the interdependencies with the process of economic development. Favorable economic institutions ensure the appropriability of rents in form of a state of law. We study the conditions under which a state of law can be implemented under oligarchy, and when democratization is necessary. Inequality in endowments and incomes prolongs the absence of good institutions and delays democratization. Conversely, institutions shape the income distribution. Simulations illustrate how inequality affects the development process and may lead to overtaking and divergence. The implications are in line with historical and empirical evidence"--Forschungsinstitut zur Zukunft der Arbeit web site.
Notes: Also available in print.
Includes bibliographical references.
Title from PDF file as viewed on 4/27/2005.
System requirements: Adobe Acrobat Reader.
Mode of access: World Wide Web.