Law Informal Rules And Economic Performance

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Law Informal Rules And Economic Performance

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Author : Svetozar Pejovich
language : en
Publisher: Edward Elgar Publishing
Release Date : 2010-01-01

Law Informal Rules And Economic Performance written by Svetozar Pejovich and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-01-01 with Business & Economics categories.

Almost everyone will gain something of value from reading this book. For those who work in the new institutional economics, Pejovich provides a thoughtful treatment of how common-law and civil-law systems affect personal freedoms and rule of law. The book s larger market, however, will comprise educated lay readers, who will gain a deeper appreciation of the foundations of capitalism in the developed world and of the dynamics of interrelated institutional and economic change. Lee J. Alston, The Independent Review . . . a well written, easily read book which casts light on many aspects of law and on questions which are or should be debated in our law schools. . . well laid out and presented. . . Its subject matter makes it essential reading for all those studying comparative law and of course law and economics and even for those studying legislation. It would be more than useful for those engaged in property law, the law of contract and administrative and public law. In other words it would be useful and challenging reading for just about all law teachers and students as well as practitioners who wish to think about the basics of what they are doing. Its easy combination of history, comparative technique, legal fundamentals and economics with no maths would even make it an excellent reader for LAWS 101. Bernard Robertson, New Zealand Law Journal Professor Pejovich has written an impressive lot on comparative economic systems, institutions, policies and broader social aspects of economic development. . . His long work in the field quite predictably made him able to present his views and findings in an ever clearer, more orderly and more profoundly argued way. . . This is one of the rare books in which the author is well aware of what he is talking about and makes sure that the same goes for his readers. Ljubomir Madzar Professor Pejovich has ranged expertly across such seemingly disparate areas as legal systems, culture, economics and public choice theory to give us a thoroughly convincing roadmap for a nation s economic success. The rule of law, enforcement of private contracts, private property rights and an independent judiciary are the basic building blocks. But the common law system, as compared to the civil law system emanating from the European continent, also gets a lot of the credit. This is an erudite, yet happily readable work that takes a lot of the mystery out of differential economic performance among nations. Henry G. Manne, George Mason University School of Law, US Written by one of the pioneers of modern property rights economics this book provides a most insightful, well readable and engaged discussion of the institutional foundations of the Western free enterprise system and the reason for its success, with a special emphasis on the differences between common law and civil law institutions. Readers will especially appreciate the many instructive examples and court cases that serve to illustrate the general argument. Viktor J. Vanberg, Universitaet Freiburg, Germany This is a must-read for anyone who wants to understand why Western capitalism has outperformed all other economic systems. Professor Pejovich explains how the institutions of capitalism, especially those based on common law, make for excellence, even in comparison with Western civil law countries. He presents a compelling theory of how systems evolve through the interactions of formal and informal institutions, an analysis that has deep significance for economic reform proposals throughout the world. John H. Moore, Grove City College, US There are many books on the virtues of capitalism and capitalism as a moral system. Steve Pejovich avoids that mistake. Capitalism, for him, is a system based on human behavior. It survives because it meets the needs that individuals face and provides opportunities that individuals are able to accept. Unlike the utopian visions that have competed against capitalism, it does not impose the vision of a

The Anglo American Conception Of The Rule Of Law

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Author : Nadia E. Nedzel
language : en
Publisher: Springer Nature
Release Date : 2019-09-03

The Anglo American Conception Of The Rule Of Law written by Nadia E. Nedzel and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-09-03 with Law categories.

This book offers a multidisciplinary account of the 'rule of law' as a central pillar of the classical liberal tradition. The authors analyze the original meaning of this expression as first introduced by British jurist A. V. Dicey, before examining its subsequent elaboration by Leoni, Fuller, Hayek and Oakeshott. Addressing the main philosophical and legal aspects of the rule of law, this volume will appeal to all those engaged in law, political theory, philosophy, economics, business ethics, and public policy.

The Global Encyclopaedia Of Informality Volume 1

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Author : Alena Ledeneva
language : en
Publisher: UCL Press
Release Date : 2018-01-17

The Global Encyclopaedia Of Informality Volume 1 written by Alena Ledeneva and has been published by UCL Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-01-17 with Political Science categories.

Alena Ledeneva invites you on a voyage of discovery, to explore society’s open secrets, unwritten rules and know-how practices. Broadly defined as ‘ways of getting things done’, these invisible yet powerful informal practices tend to escape articulation in official discourse. They include emotion-driven exchanges of gifts or favours and tributes for services, interest-driven know-how (from informal welfare to informal employment and entrepreneurship), identity-driven practices of solidarity, and power-driven forms of co-optation and control. The paradox, or not, of the invisibility of these informal practices is their ubiquity. Expertly practised by insiders but often hidden from outsiders, informal practices are, as this book shows, deeply rooted all over the world, yet underestimated in policy. Entries from the five continents presented in this volume are samples of the truly global and ever-growing collection, made possible by a remarkable collaboration of over 200 scholars across disciplines and area studies. By mapping the grey zones, blurred boundaries, types of ambivalence and contexts of complexity, this book creates the first Global Map of Informality. The accompanying database is searchable by region, keyword or type of practice, so do explore what works, how, where and why! Praise for The Global Encyclopaedia of Informality ‘The Global Encyclopaedia of Informality represents the beginning of a new era in informality studies. With its wealth of information, diversity, scope, theoretical innovation and artistic skill, this collection touches on all the aspects of social and cultural complexity that need to be integrated into policy thinking.’ Predrag Cveti?anin, Centre for Empirical Cultural Studies of South-East Europe, Belgrade, Serbia ‘This is a monumental achievement – an indispensable reference for anyone in the social sciences interested in informality.’ Martin Holbraad, Professor of Social Anthropology, UCL, and editor-in-chief of Social Analysis ‘This impressive work helps us understand our complex times by showing how power develops through informal practices, mobilizing emotional, cognitive and relational mechanisms in strategies of survival, but also of camouflage and governance.’ Donatella della Porta, Director of Centre of Social Movements Studies, Scuola normale superiore, Firenze, Italy ‘An impressive, informative, and intriguing collection. With evident passion and patience, the team of 250 researchers insightfully portrays the multiplicity of informal and often invisible expressions of human interdependence.’ Subi Rangan, Professor of Strategy and Management, INSEAD, Fontainebleau, France ‘This compendium of terms used in different cultures to express aspects of informal economy provides a unique supplement to studies of a major (yet understated by academic economics) social issue. It will be of key significance for in-depth teaching of sociology, economics and history.’ Teodor Shanin, OBE Professor and President of the Moscow School of Social and Economic Sciences ‘Modern states have sought to curb, control and subdue informality. The entries in the Global Encyclopaedia demonstrate the endurance of informality over such efforts. More recently, the rise and political success of anti-establishment movements in so many parts of the world is a wide-ranging challenge and delegitimisation of national and transnational formal institutions of governance. Understanding the perceived shortcomings of formal institutions and the appeal of anti-establishment movements must at least in part be informed by a study of informality and its networks. This Encyclopaedia is essential reading if we wish to understand and engage with these challenges of our age.’ Fredrik Galtung, Chairman, Integrity Action

Economic Development And Entrepreneurship In Transition Economies

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Author : Jovo Ateljević
language : en
Publisher: Springer
Release Date : 2016-04-05

Economic Development And Entrepreneurship In Transition Economies written by Jovo Ateljević and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-04-05 with Business & Economics categories.

This book contributes to a better understanding of entrepreneurship in transition economies. Current literature reflects the more traditional schools of thought on entrepreneurship, which are influenced by the Western perspective, and fail to fully address the scenario in transition economies. There is a broad consensus among academics, policy makers, and practitioners that a fundamental cause of difficulties experienced by most economies in transition has been the fact that reform has not been accompanied by the creation of new, private businesses, and particularly SMEs. This is especially evident in states created in Europe after the dissolution of the Soviet Union where many barriers, which were inherited from the old system, remain in place, thus inhibiting entrepreneurial progress in these countries despite a favorable political and economic environment. The contributions featured in this book focus on how much progress has been achieved so far with regard to these aspects, as well as identify which current barriers and issues still need to be resolved. Themes include innovation performance, financing, venture capital, educational factors, and entrepreneurial learning.

The Rule Of Law

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Author : Christopher May
language : en
Publisher: Edward Elgar Publishing
Release Date : 2014-05-30

The Rule Of Law written by Christopher May and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-05-30 with Law categories.

By building on and extending debates in socio-legal studies about the social role of law, and dealing with issues largely absent from international political economy this book will be of great interest to socio _ legal scholars and political economist&

The Development Of African Capital Markets

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Author : Boniface Chimpango
language : en
Publisher: Taylor & Francis
Release Date : 2017-01-12

The Development Of African Capital Markets written by Boniface Chimpango and has been published by Taylor & Francis this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-01-12 with Business & Economics categories.

Most capital markets that have been established in developing economies like Africa have struggled to make progress over two decades down the line. Development of African Capital Markets explores why these markets have remained underdeveloped and discusses a possible development theory that can be used in designing and implementing legal and institutional reforms to reinvigorate capital markets in African and other developing countries. Boniface Chimpango analyses the weaknesses of capital markets in developing countries, and argues that legal and institutional framework for capital markets in developing countries should be tailored to the unique informal rules prevalent in each country rather than being transplanted from developed countries. This book will be of interest to scholars, students and policy makers in the fields of economic development, African Studies, law, development and regulatory policy.

Reconceptualising Corporate Compliance

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Author : Anna Donovan
language : en
Publisher: Bloomsbury Publishing
Release Date : 2021-02-25

Reconceptualising Corporate Compliance written by Anna Donovan and has been published by Bloomsbury Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-02-25 with Law categories.

This book offers a comprehensive examination of the issues surrounding corporate compliance. Should corporations comply with the spirit or the letter of the law? What role does compliance play in a capitalist market economy? Why is it that otherwise law-abiding citizens are willing to implement corporate compliance strategies that are seemingly at odds with their personal values? Dr Donovan responds to these questions and more, providing a persuasive argument for the legitimate role of spirited compliance within a market economy. In doing so, she employs the lens of classical liberal ideology, challenging the widespread view that technical compliance is simply 'capitalism.' In an examination that has relevance beyond the compliance arena, the author also explores how the architecture of the firm facilitates the often atypical compliance decisions that individuals make when acting within a corporate setting. The book draws on social psychology to offer important insights into how the often-elusive goal of corporate behavioural change can be achieved, for the benefit of both the market and society as a whole. Joint runner-up of the 2021 SLS Peter Birks Prize for Outstanding Legal Scholarship.

Achieving Economic Development In The Era Of Globalization

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Author : Shalendra D. Sharma
language : en
Publisher: Routledge
Release Date : 2007-09-28

Achieving Economic Development In The Era Of Globalization written by Shalendra D. Sharma and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007-09-28 with Business & Economics categories.

Challenging assumptions about the benefits of specific development practices, this book provides readers with overview of how competing frameworks have developed and the ways that specific development practices reflect specific understandings of the main debates, as well as offering a comprehensive historical overview of attempts to achieve economic development. It: offers a historical overview of the main debates and how they have evolved over time undertakes an examination (or rather re-examination) of the relationship between agriculture and poverty alleviation presents an exploration of recent international development negotiations from the perspective of OECD countries. Drawing on the lessons of some six decades of development experiences and illuminating theoretical insights and accumulated empirical knowledge, this book is a key resource for all students of development studies and development economics.

Markets Morals And Policy Making

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Author : Enrico Colombatto
language : en
Publisher: Routledge
Release Date : 2012-03-29

Markets Morals And Policy Making written by Enrico Colombatto and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-03-29 with Business & Economics categories.

Free-market economics has attempted to combine efficiency and freedom by emphasizing the need for neutral rules and meta-rules. These efforts have only been partly successful, for they have failed to address the deeper, normative arguments justifying – and limiting – coercion. This failure has thus left most advocates of free-market vulnerable to formulae which either emphasize expediency or which rely upon optimal social engineering to foster different notions of the common will and of the common good. This book offers the reader a new perspective on free-market economics, one in which the defense of markets is no longer based upon the utilitarian claim that free markets are more efficient; rather, the defense of markets rests upon the moral argument that top-down coercive policy-making is necessarily in tension with the rights-based notion of justice typical of the Western tradition. In arguing for a consistent moral basis for the free-market view, we depart from both the Austrian and neoclassical traditions by acknowledging that rationality is not a satisfactory starting point. This rejection of rationality as the complete motivator for human economic behaviour throws constitutional economics and the law-and-economics tradition into new relief, revealing these approaches as governed by considerations derived by various notions of social efficiency, rather than by principles consistent with individual freedom, including freedom to choose. This book shows that the solution is in fact a better understanding of the lessons taught by the Scottish Enlightenment: the role of the political context is to ensure that the individual can pursue his own ends, free from coercion. This also implies individual responsibility, respect for somebody else’s preferences and for his entrepreneurial instincts. Social virtue is not absent from this understanding of politics, but rather than being defined through the priorities of policy-makers, it emerges as the outcome of interaction among self-determining individuals. The strongest and most consistent case for free-market economics, therefore, rests on moral philosophy, not on some version of static-efficiency theorizing. This book should be of interest to students and researchers focussing on economic theory, political economics and the philosophy of economic thought, but is also written in a non-technical style making it accessible to an audience of non-economists.

Culture In Law And Development

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Author : Lan Cao
language : en
Publisher: Oxford University Press
Release Date : 2016-05-02

Culture In Law And Development written by Lan Cao and has been published by Oxford University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-05-02 with Law categories.

The growth of international law in the post-World War II era stemmed partly from the belief that universal norms would make life for the entire world's population safer, more equitable, and more conducive to each person's acquisition of basic material needs. Starting in the sixties and seventies, some scholars and activists challenged this assumption and established the school of "cultural relativism," a model that pays deference to local cultural traditions and favors them over international human rights norms. Scholars tried to create and practice a middle-ground approach between universalism and relativism, whereby the most egregious violations would be prevented through assimilating only jus cogens norms into indigenous groups' existing cultural traditions. Such efforts at combining a few select international norms with local cultural traditions largely failed. Culture in Law and Development presents a provocative new solution to the seemingly intractable problem of combining international norms with local cultural traditions by changing culture through law and development. In this book, Lan Cao demonstrates how the gradual expansion of customary international law (CIL) provides a model for changing culture in ways that protect and advance local populations. The book adopts a holistic view of development and argues that cultural norms that impede the human capabilities of the poor, women, and other marginal groups should be changed. The book reveals how a more conscious, coordinated effort on such change can succeed while non-violative local traditions are otherwise honored and preserved. Cao proposes that cultural change does not have to constitute cultural disrespect, and that local societies only benefit by a careful combination of externally wrought change and internally fostered tradition.