Property Rights Approach To Government Douglass C North S Historic Economic Perspective On The Philosophy Of The State
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Property Rights Approach To Government Douglass C North S Historic Economic Perspective On The Philosophy Of The State
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Author : Nicole Petrick
language : en
Publisher: GRIN Verlag
Release Date : 2009-08
Property Rights Approach To Government Douglass C North S Historic Economic Perspective On The Philosophy Of The State written by Nicole Petrick and has been published by GRIN Verlag this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009-08 with categories.
Seminar paper from the year 2006 in the subject Economics - History, grade: 1,7, Humboldt-University of Berlin, 6 entries in the bibliography, language: English, abstract: The paper will give a general overview on Douglass C. North's theoretical work during the last twenty years on economic history as well as on new institutions economics and institutional change. While the paper is more concerned on how North approaches the origin and development of the state via property rights it also will take his theory of institutional change and the way he emphasizes economies of scale and transaction costs into account. Part One of this paper will give a short introduction into the topic of the philosophy of the state. This will be followed by North's argumentation and thus his philosophy of the state derived in his numerous works. To begin with, Part Two of this paper gives an introduction into North's argumentation on the role of property rights for economic growth. Part Three will then explain what role government has in economic organization. The role of economies of scale for property rights and fiscal policies will be looked upon thereafter in Part Four. The circle will then be closed by linking economic growth and property rights with the development of the state. Analogously to North's argumentation in his book "The Rise of the Western World" the paper takes a section of ten millennia in economic history in order to explain the tension between property rights and the role of government as North sees it. North's model of the state will then be introduced in Part Six, followed by a short introduction into his Theory of Institutional Change in Part Seven of this paper. A short critique will be given at the end.
Douglass C North
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Author : Gary D. Libecap
language : en
Publisher:
Release Date : 2018
Douglass C North written by Gary D. Libecap and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018 with categories.
Douglass North asked why some societies historically and contemporarily have rising per-capita incomes and individual welfare, whereas others do not? He argued that successful economies had property rights that encouraged markets, trade, and investment in new production and organizational methods. In other economies, transaction costs, especially those due to the political process, blocked more efficient property rights. Property rights grant decision making over valuable resources and are the basis for investment, and market exchange. They mold the economy and the distribution of wealth and political power. Politicians and coalitions of privileged elites with stakes in the status quo join to preserve it. Inefficiencies create their own constituencies. There is no clear remedy for general citizens in North's cases. Despite the power of North's argument, transaction costs are not clear in aggregate studies of economies. They are more apparent in US common-pool resource problems with large, continuing losses in resource rents. This evidence runs counter to the facile arguments in the welfare and environmental economics literatures for addressing externalities that are reminiscent of the simplistic recommendations in the growth and economic history literatures that North challenged. If the observed costly political response to open access losses is characteristic of regulation in general, then welfare losses permeate developed economies as well and are more pervasive than the dramatic examples of development failure examined by North and others. Mitigation requires competitive interest groups that benefit from more secure property rights and greater resource rents to offset powerful elites that align with politicians and capture bureaucratic agencies to achieve particularistic benefits that undermine general welfare.
Institutions Property Rights And Economic Growth
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Author : Sebastián Galiani
language : en
Publisher:
Release Date : 2014
Institutions Property Rights And Economic Growth written by Sebastián Galiani and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014 with Econometrics categories.
This volume showcases the impact of the work of Douglass C. North, father of the field of new institutional economics.
Institutions Institutional Change And Economic Performance
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Author : Douglass C. North
language : en
Publisher: Cambridge University Press
Release Date : 1990-10-26
Institutions Institutional Change And Economic Performance written by Douglass C. North and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1990-10-26 with Political Science categories.
An analytical framework for explaining the ways in which institutions and institutional change affect the performance of economies is developed in this analysis of economic structures.
Violence And Social Orders
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Author : Douglass C. North
language : en
Publisher: Cambridge University Press
Release Date : 2009-02-26
Violence And Social Orders written by Douglass C. North and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009-02-26 with Business & Economics categories.
This book integrates the problem of violence into a larger framework, showing how economic and political behavior are closely linked.
The Rise And Decline Of Nations
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Author : Mancur Olson
language : en
Publisher: Yale University Press
Release Date : 2022-09-20
The Rise And Decline Of Nations written by Mancur Olson and has been published by Yale University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-09-20 with Business & Economics categories.
A compelling theory on the rationale for the changing fortunes of nations
Why Nations Fail
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Author : Daron Acemoglu
language : en
Publisher: Crown Currency
Release Date : 2012-03-20
Why Nations Fail written by Daron Acemoglu and has been published by Crown Currency this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-03-20 with Business & Economics categories.
Brilliant and engagingly written, Why Nations Fail answers the question that has stumped the experts for centuries: Why are some nations rich and others poor, divided by wealth and poverty, health and sickness, food and famine? Is it culture, the weather, geography? Perhaps ignorance of what the right policies are? Simply, no. None of these factors is either definitive or destiny. Otherwise, how to explain why Botswana has become one of the fastest growing countries in the world, while other African nations, such as Zimbabwe, the Congo, and Sierra Leone, are mired in poverty and violence? Daron Acemoglu and James Robinson conclusively show that it is man-made political and economic institutions that underlie economic success (or lack of it). Korea, to take just one of their fascinating examples, is a remarkably homogeneous nation, yet the people of North Korea are among the poorest on earth while their brothers and sisters in South Korea are among the richest. The south forged a society that created incentives, rewarded innovation, and allowed everyone to participate in economic opportunities. The economic success thus spurred was sustained because the government became accountable and responsive to citizens and the great mass of people. Sadly, the people of the north have endured decades of famine, political repression, and very different economic institutions—with no end in sight. The differences between the Koreas is due to the politics that created these completely different institutional trajectories. Based on fifteen years of original research Acemoglu and Robinson marshall extraordinary historical evidence from the Roman Empire, the Mayan city-states, medieval Venice, the Soviet Union, Latin America, England, Europe, the United States, and Africa to build a new theory of political economy with great relevance for the big questions of today, including: - China has built an authoritarian growth machine. Will it continue to grow at such high speed and overwhelm the West? - Are America’s best days behind it? Are we moving from a virtuous circle in which efforts by elites to aggrandize power are resisted to a vicious one that enriches and empowers a small minority? - What is the most effective way to help move billions of people from the rut of poverty to prosperity? More philanthropy from the wealthy nations of the West? Or learning the hard-won lessons of Acemoglu and Robinson’s breakthrough ideas on the interplay between inclusive political and economic institutions? Why Nations Fail will change the way you look at—and understand—the world.
Governing The Commons
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Author : Elinor Ostrom
language : en
Publisher: Cambridge University Press
Release Date : 2015-09-23
Governing The Commons written by Elinor Ostrom and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-09-23 with Business & Economics categories.
Tackles one of the most enduring and contentious issues of positive political economy: common pool resource management.
Historical Abstracts
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Author :
language : en
Publisher:
Release Date : 1997
Historical Abstracts written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1997 with History, Modern categories.
The Oxford Handbook Of Political Economy
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Author : Barry R. Weingast
language : en
Publisher: Oxford University Press
Release Date : 2008-06-19
The Oxford Handbook Of Political Economy written by Barry R. Weingast 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 2008-06-19 with Philosophy categories.
Over its lifetime, 'political economy' has had different meanings. This handbook views political economy as a synthesis of the various strands of social science, treating it as the methodology of economics applied to the analysis of political behaviour and institutions.