This collection carefully selects some of the most influential papers focusing on the relationship between economic and political institutions and economic development. Economic institutions shape economic incentives, such the incentives to become educated, to save and invest, to innovate and to adopt new technologies. Although economic institutions are critical for determining whether a country is poor or prosperous, it is politics and political institutions that determine which economic institutions are present in a country. This collection explores these critical relationships and the causes of economic growth, whilst bringing forth the legal, colonial and financial factors, which contribute, to economic discrepancies across countries. Prefaced by an authoritative introduction by the editor, this collection promises to be a valuable tool for economic researchers and scholars interested in this important subject.
Contributors include: D. Acemoglu, S. Djankov, W. Easterly, E. Glaeser, S. Johnson, R. Levine, R.L. Porta, D. Rodrik, J.A. Robinson, A. Shleifer.
Edited by Jakob de Haan, Head of Research, De Nederlandsche Bank and Professor of Political Economy, University of Groningen, the Netherlands.