Market-augmenting Government: The Institutional Foundations for ProsperityOmar Azfar, Charles Cadwell University of Michigan Press, 2003 - 357 páginas As recently as 1990 policymakers and academics believed widely that all that was needed for dramatic increases in prosperity in transitional economies was to roll back the state. The arguments in this book present an articulate antidote to that assertion: While the state must withdraw from many activities involving direct production and exchange, it must provide good laws and enforce them for economies to prosper. In one chapter, Robert Summers brilliantly exposes the complexity of this requirement, listing eighteen minimum conditions for the creation of the rule of law. Other chapters describe the benefits of good commercial law on economic growth, the political foundations of American commercial law, how poor governance led to the Asian financial crisis, the institutional requirements for environmental markets, and constitutional structures that lead to efficient government. The contributors, renowned experts in their fields on the complex institutional requirements for prosperity, offer arguments from economic theory, economic history, legal theory, and political science. The chapters are simultaneously of high scholarly quality and intensely applicable. Indeed many of the ideas here are being used to design reform projects in developing countries. Market-Augmenting Government will appeal to legal theorists, economists, and political scientists, and in particular to institutional economists. Its writing is friendly to the general reader, with only a few of the chapters requiring specialized knowledge. The book will also figure importantly in policy circles as governance moves center stage in the practice of reform and development. Omar Azfar is Research Associate, IRIS Center, University of Maryland, College Park. Charles A. Cadwell is Director and Principle Investigator, IRIS Center, University of Maryland, College Park. |
Conteúdo
How Why and When States Support Markets | 1 |
Some Basic Ways Good Law Good Legal Institutions Good Legal Traditions and Principles of the Rule of Law Can Augment Markets | 25 |
Comment | 44 |
Napoleon Bourses and Growth with a Focus on Latin America | 49 |
Comment | 86 |
The Role of Governance Failures in the East Asian Financial Crisis | 89 |
Comment | 149 |
Biosphere Markets and Governments | 153 |
MarketAugmenting Government? States and Corporations in Nineteenth Century America | 223 |
Comment | 266 |
Global Challenges and the Need for Supranational Infrastructure | 269 |
Comment | 295 |
The Optimal Number of Governments for Economic Development | 297 |
Comment | 333 |
A New Institutional Economics Perspective on MarketAugmenting Government | 337 |
Contributors | 349 |
Comment | 175 |
Failures in Governance and the Dominion of Markets | 177 |
Comment | 220 |
Outras edições - Ver todos
Termos e frases comuns
agent allocation Asian financial crisis augment markets autocracy autocratic Azfar benefits capital citizens coalition collective action consensual democracy contract corporations corruption costs countries create creditors crisis deadweight losses democracy democratic direct democracy economic growth effect efficiency elections enforcement equation ernment essay example expenditure factors financial markets firms fiscal interest Free Banking global incentives income incorporation acts increase Indonesia institutions instrumental variables International Monetary Fund issues Levine loans Mancur Olson marginal market augmentation market failures market liquidity market-augmenting government market-augmenting services McGuire and Olson ment Monetary nomic optimal payoff policies political principles problem property rights redistribution reforms regime regulatory revenues role rule of law Sandler sector share society special charters standards stock market development stock market liquidity supranational infrastructure tax rate taxation tion tional University Press Value Traded variables vote voters World Bank York
Referências a este livro
Digital Poverty: Latin American and Caribbean Perspectives Hernan Galperin,Judith Mariscal Visualização completa - 2007 |