Publication: The New Comparative Economics
Date
2003-05
ISSN
Published
2003-05
Author(s)
Djankov, Simeon
Glaeser, Edward
La Porta, Rafael
Lopez-de-Silanes, Florencio
Shleifer, Andrei
Abstract
In recent years, comparative economics
experienced a revival, with a new focus on comparing
capitalist economies. The theme of the new research is that
institutions exert a profound influence on economic
development. The authors argue that, to understand
capitalist institutions, one needs to understand the basic
tradeoff between the costs of disorder and those of
dictatorship. They then apply this logic to study the
structure of efficient institutions, the consequences of
colonial transplantation, and the politics of institutional choice.
Citation
“Djankov, Simeon; Glaeser, Edward; La Porta, Rafael; Lopez-de-Silanes, Florencio; Shleifer, Andrei. 2003. The New Comparative Economics. Policy Research Working Paper;No. 3054. © World Bank, Washington, DC. http://openknowledge.worldbank.org/handle/10986/18185 License: CC BY 3.0 IGO.”
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