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Paperback Institutions and the Path to the Modern Economy: Lessons from Medieval Trade Book

ISBN: 0521671345

ISBN13: 9780521671347

Institutions and the Path to the Modern Economy: Lessons from Medieval Trade

(Part of the Political Economy of Institutions and Decisions Series)

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Book Overview

It is widely believed that current disparities in economic, political, and social outcomes reflect distinct institutions. Institutions are invoked to explain why some countries are rich and others poor, some democratic and others dictatorial. But arguments of this sort gloss over the question of what institutions are, how they come about, and why they persist. They also fail to explain why institutions are influenced by the past, why it is that they...

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