Institutions and economic development : markets, ideas, and bottom-up change / Bryan Cheang, Tom G. Palmer.
Cheang, Bryan, author.; Palmer, Tom G., author.
2023
HM548
Available Online

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Title Institutions and economic development : markets, ideas, and bottom-up change / Bryan Cheang, Tom G. Palmer.
Author Cheang, Bryan, author.
ISBN 9789819908448 (electronic bk.)
9819908442 (electronic bk.)
9819908434
9789819908431
DOI https://doi.org/10.1007/978-981-99-0844-8
Published Singapore : Springer, 2023.
Language English
Description 1 online resource (200 pages) : illustrations (black and white, and color).
Other Standard Identifiers 10.1007/978-981-99-0844-8 doi
Call Number HM548
Dewey Decimal Classification 306.3
Summary This book is a survey of the field of development studies from a political economy perspective. It first reviews the academic literature on development and highlights the fundamental importance of institutions and social values, over and above other alternative theories, as determinants in long-run development. In this context, the book draws from the works of Nobel Laureates Douglass North, F.A. Hayek and Elinor Ostrom, and argues that the ingredients of property rights, the rule of law, and market freedoms are essential in generating socio-economic progress. Successful reforms however are not simply a function of constructing formal institutions, but must cohere with the social values, norms, and cultural commitments of local communities. It is in this spirit that the book theorises on the oft-neglected role that political entrepreneurs play in driving endogenous institutional change. Specifically, this book integrates the theoretical discussion on market-driven development with a range of case studies from around the world, featuring the bottom-up efforts of local change agents to pursue institutional reforms and changes in social opinion. This marvellous handbook displays an impressive grasp of the vast literature on economic development, highlighting the crucial role of liberal ideas of freedom for economic success. The handbook masterfully summarizes debates on free markets, institutions, and culture as causes of development. This is the best textbook treatment of liberalism and development that I have ever seen. William Easterly, Professor of Economics at New York University (NYU) and Co-Director, NYU Development Research Institute.
Bibliography, etc. Note Includes bibliographical references.
Access Note Access limited to authorized users.
Source of Description Description based on print version record.
Added Author Palmer, Tom G., author.
Series Classroom companion. Economics.
Available in Other Form INSTITUTIONS AND ECONOMIC DEVELOPMENT.
Linked Resources Online Access
Record Appears in Online Resources > Ebooks
All Resources
Institutions Matter
Formal Institutions
Informal Institutions and Culture
Institutions or Discretionary Leadership?
Institutional Entrepreneurship and the Role of Non-profits.

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