Law, informal rules and economic performance
Subtitle: the case for common law
By: Svetozar Pejovich ; with contributions from Enrico Colombatto.
Contributors: Colombatto, Enrico.
Publisher: Edward Elgar
Published: 2008
Place of publication: Cheltenham, UK; Northampton, MA
Language: eng
Number of pages: 178
ISBN-13: 9781845428730
Subjects: Rule of law; Capitalism
Description: "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."--Jacket.
Notes: Includes bibliographical references and index.