Law, Informal Rules and Economic Performance - The Case for Common Law (Paperback)

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. 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.

General

Imprint:	Edward Elgar Publishing Ltd
Country of origin:	United Kingdom
Release date:	December 2009
Authors:	Svetozar Pejovich • Enrico Colombatto
Dimensions:	234 x 156 x 14mm (L x W x T)
Format:	Paperback
Pages:	192
ISBN-13:	978-1-84980-027-3
Categories:	Books > Business & Economics > Economics > Economic theory & philosophy Books > Law > Jurisprudence & general issues > Foundations of law > Common law
LSN:	1-84980-027-8
Barcode:	9781849800273

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