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Title: The New Comparative Economics

Author(s): Simeon Djankov, Edward L Glaeser, Florencio L�pez-de-Silanes and Andrei Shleifer

Publication Date: May 2003

Keyword(s): colonial transplantations, comparative economics, institutions and transition

Programme Area(s): Transition Economics

Abstract: In recent years, comparative economics experienced a revival, with a new focus on comparing capitalist economies. The theme of the new research is that institutions exert a profound influence on economic development. We argue that, to understand capitalist institutions, one needs to understand the basic trade-off between the costs of disorder and those of dictatorship. We then apply this logic to study the structure of efficient institutions, the consequences of colonial transplantation, and the politics of institutional choice.

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Bibliographic Reference

Djankov, S, Glaeser, E, L�pez-de-Silanes, F and Shleifer, A. 2003. 'The New Comparative Economics'. London, Centre for Economic Policy Research. https://cepr.org/active/publications/discussion_papers/dp.php?dpno=3882