Law, Informal Rules and Economic Performance
The Case for Common Law
Bibliographic Data
| ID | 19901156 |
|---|---|
| Authors | Svetozar Pejovich, Enrico Colombatto (0000-0001-5080-1680) |
| Year | 2008 |
| Publication date | 2008-06-30 |
| Open Access | No |
| Type | BOOK |
| Venue | Law, Informal Rules and Economic Performance (SOURCE_BOOK) |
| Publisher | Edward Elgar Publishing (PUBLISHER • GB) |
| DOI | 10.4337/9781848442900 |
| OpenAlex | W2288164438 |
| ISBN | 9781848442900 |
| Open Library | OL23553794M |
| Language | EN |
| Citations received | 2 |
Capitalism has outperformed all other systems and maintained a positive growth rate since it began. 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
Capitalism · Computer security · Economic system · Economics · Incentive · Industrial organization · Institutional economics · Key (lock) · Law and economics · Market economy · Microeconomics · Neoclassical economics · Political science · Process (computing) · Rule of law · Computer Science · Corruption and Economic Development · Economic Theory and Institutions · Law
| Citations per year | 0.22 |
|---|---|
| Citation span | 2017 - 2023 (7) |
| Highly cited | No |