Institutions, social norms, and economic development
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Bibliographic Information
Institutions, social norms, and economic development
（Fundamentals of development economics / edited by Kaushik Basu, v. 1）
Routledge, 2006, c2000
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Note
Bibliography: p. 339-371
Index: p. 373-384
Transferred to Digital Printing 2006--T.p. verso
Description and Table of Contents
Description
In order for economic specialization to develop, it is important that well-defined property rights are established and that suspicion and fear of fraud do not pervade transactions. Such conditions cannot be created ex abrubto, but must somehow evolve. What needs to develop is not only suitable practices and rules themselves, but also the public agencies and moral environment without which generalized trust is difficult to establish. The cultural endowment of societies as they have developed over their particular histories is bound to play a major role in this regard, and the matter of cultual endowment is one of the central themes of this book.
On the other hand, division of labour does not only require well-enforced property rights and trust in economic dealings. It is also critically conditioned by the thickness of economic space, itself dependent on population density. This provides the second major theme of the volume: market development, including the development of private property rights is not possible, or will remain very incomplete, if populations are thinly spread over large areas of land. The book makes special reference to sub-Saharan Africa.
Table of Contents
- 1: The Subject Put into Perspective
- 2: Resource Endowments and Agricultural Development
- 3: Property Rights in Land
- 4: Property Rights in Land
- 5: Egalitarian Norms and Economic Growth
- 6: Endogeneity in the Rise of Market Order
- 7: Market Order, the Rule of Law and Moral Norms
- 8: No Easy Answer
by "Nielsen BookData"
