Solomon's knot : how law can end the poverty of nations
Author(s)
Bibliographic Information
Solomon's knot : how law can end the poverty of nations
(Kauffman Foundation series on innovation and entrepreneurship)
Princeton University Press, c2012
- : hardcover
Available at 8 libraries
  Aomori
  Iwate
  Miyagi
  Akita
  Yamagata
  Fukushima
  Ibaraki
  Tochigi
  Gunma
  Saitama
  Chiba
  Tokyo
  Kanagawa
  Niigata
  Toyama
  Ishikawa
  Fukui
  Yamanashi
  Nagano
  Gifu
  Shizuoka
  Aichi
  Mie
  Shiga
  Kyoto
  Osaka
  Hyogo
  Nara
  Wakayama
  Tottori
  Shimane
  Okayama
  Hiroshima
  Yamaguchi
  Tokushima
  Kagawa
  Ehime
  Kochi
  Fukuoka
  Saga
  Nagasaki
  Kumamoto
  Oita
  Miyazaki
  Kagoshima
  Okinawa
  Korea
  China
  Thailand
  United Kingdom
  Germany
  Switzerland
  France
  Belgium
  Netherlands
  Sweden
  Norway
  United States of America
Note
Includes bibliographical references (p. 299-311) and index
Description and Table of Contents
Description
Sustained growth depends on innovation, whether it's cutting-edge software from Silicon Valley, an improved assembly line in Sichuan, or a new export market for Swaziland's leather. Developing a new idea requires money, which poses a problem of trust. The innovator must trust the investor with his idea and the investor must trust the innovator with her money. Robert Cooter and Hans-Bernd Schafer call this the "double trust dilemma of development." Nowhere is this problem more acute than in poorer nations, where the failure to solve it results in stagnant economies. In Solomon's Knot, Cooter and Schafer propose a legal theory of economic growth that details how effective property, contract, and business laws help to unite capital and ideas. They also demonstrate why ineffective private and business laws are the root cause of the poverty of nations in today's world. Without the legal institutions that allow innovation and entrepreneurship to thrive, other attempts to spur economic growth are destined to fail.
Table of Contents
Preface ix Acknowledgments xiii Chapter 1: It's about the Economy 1 Chapter 2: The Economic Future of the World 13 Chapter 3: The Double Trust Dilemma of Development 27 Chapter 4: Make or Take 39 Chapter 5: The Property Principle for Innovation 50 Chapter 6: Keeping What You Make--Property Law 64 Chapter 7: Doing What You Say--Contracts 82 Chapter 8: Giving Credit to Credit--Finance and Banking 101 Chapter 9: Financing Secrets--Corporations 123 Chapter 10: Hold or Fold--Financial Distress 142 Chapter 11: Termites in the Foundation--Corruption 159 Chapter 12:Poverty Is Dangerous--Accidents and Liability 179 Chapter 13: Academic Scribblers and Defunct Economists 193 Chapter 14: How the Many Overcome the Few 211 Chapter 15: Legalize Freedom--Conclusion 223 Notes 229 Bibliography 299 Index 313
by "Nielsen BookData"