"A most interesting and informative work. The book contains
excellent material and interesting analysis, and it will appeal to
a broad audience."--Stanley Engerman, University of Rochester
"An ambitious book, "Capital and Collusion" identifies the
institutional reasons for the divergent growth paths of major
regions in the developing world. The topic is one that will
interest a broad range of readers in both academic and policy
circles."--David Stasavage, London School of Economics
"Root takes a very abstract notion like trust and provides a
series of concrete demonstrations of how trust, or the lack of it,
can affect economic performance and social welfare. He bases his
arguments very skillfully on a variety of indicators that transform
abstract concepts into observable phenomena and make his arguments
come to life. This is a 'must read' in graduate and undergraduate
courses that focus on institutions and development."--Lewis W.
Snider, author of "Growth, Debt and Politics: Economic Adjustment
and the Political Performance of Developing Countries"
"In this exciting book, Hilton Root calls into question some of
the "sacred cows" of contemporary thought, knocking down some of
the rigid boundaries that exist among the social sciences and among
concepts like developed and developing countries. A very good read
for all."--Elinor Ostrom, Indiana University, author of
"Understanding Institutional Diversity"
""Capital and Collusion" is a breathtaking tour de force that
adds significantly to the growing literature on the political
economy of development and of state failure. Hilton Root has
tackled the most important question facing policymakers, leaders of
international financialinstitutions, and students of the political
economy of development: how can the incentives of leaders be
changed to promote risk taking and entrepreneurship, diminish
uncertainty and self-insurance, and stimulate economic growth when
they benefit personally from sustained national failure? No one who
wishes to understand or shape economic and social welfare can
afford not to read this book."--Bruce Bueno de Mesquita, Professor
of Politics, NYU
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