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The Economics of Property Rights: Towards a Theory of Comparative Systems: 22 (International Studies in Economics and Econometrics) - Tapa blanda

Pejovich, S.

 
9789401740890: The Economics of Property Rights: Towards a Theory of Comparative Systems: 22 (International Studies in Economics and Econometrics)
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ISBN 10: 9401740895 ISBN 13: 9789401740890
Editorial: Springer, 2013

Sinopsis

To understand recent developments in Eastern Europe requires a method of analysis that is capable of internalizing into a theoretical framework (i) the logical premises deduced from the costs of transactions and incentive structures generated by various institutions and (ii) the evidence for refutable implications of those premises. The economics of property rights is such a theory. It expands the scope of the ability of economic analysis to explain a wide range of institutional structures and provides empirical corroboration of its logical implications. The economics of property rights is, then, an effective scholarly instrument that offers more significant understanding of the three current issues in the area of comparative economic studies: (i) evaluating the performance of alternative institutional arrangements, (ii) explaining the failure of socialist institutions in Eastern Europe, and (iii) identifying the costs (political as well as economic) of institutional reforms in that part of the world. In that sense, the book is both timely and relevant. In the late 1980s East Europeans crossed the threshold of fear and forced their leaders to abandon Marxism. With that theory of history dead and buried, the cost of current sacrifices in the pursuit of socialism has risen relative to the present value of its expected future benefits.

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Reseña del editor

To understand recent developments in Eastern Europe requires a method of analysis that is capable of internalizing into a theoretical framework (i) the logical premises deduced from the costs of transactions and incentive structures generated by various institutions and (ii) the evidence for refutable implications of those premises. The economics of property rights is such a theory. It expands the scope of the ability of economic analysis to explain a wide range of institutional structures and provides empirical corroboration of its logical implications. The economics of property rights is, then, an effective scholarly instrument that offers more significant understanding of the three current issues in the area of comparative economic studies: (i) evaluating the performance of alternative institutional arrangements, (ii) explaining the failure of socialist institutions in Eastern Europe, and (iii) identifying the costs (political as well as economic) of institutional reforms in that part of the world. In that sense, the book is both timely and relevant. In the late 1980s East Europeans crossed the threshold of fear and forced their leaders to abandon Marxism. With that theory of history dead and buried, the cost of current sacrifices in the pursuit of socialism has risen relative to the present value of its expected future benefits.

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Editorial
Springer
Año de publicación
2013
Idioma
Inglés
ISBN 10 
9401740895
ISBN 13 
9789401740890
Encuadernación
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Número de páginas
220
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Otras ediciones populares con el mismo título

9781840642322: The Economics of Property Rights (The International Library of Critical Writings in Economics series)

Edición Destacada

ISBN 10:  1840642327 ISBN 13:  9781840642322
Editorial: Edward Elgar Publishing Ltd, 2001
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