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Economists have long maintained that a well-developed and functioning financial system is a vital prerequisite to economic growth. Countries with robust banking sectors and securities markets--that is, countries in which credit cards, loans, mortgages, and the ability to issue stocks and bonds are available to a broad swath of consumers and businesses--are more prosperous than countries that restrict such access to a favored elite. What is less clear is why some countries develop better financial systems than others. The essays in this volume employ the insights and techniques of political...

Economists have long maintained that a well-developed and functioning financial system is a vital prerequisite to economic growth. Countries with robust banking sectors and securities markets--that is, countries in which credit cards, loans, mortgages, and the ability to issue stocks and bonds are available to a broad swath of consumers and businesses--are more prosperous than countries that restrict such access to a favored elite. What is less clear is why some countries develop better financial systems than others. The essays in this volume employ the insights and techniques of political...

An ambitious synthesis, Positive Theories of Congressional Institutions attempts to reconcile a number of rational choice viewpoints to produce a comprehensive look at congressional institutions. While most theorists have presented their work as exclusive alternatives for understanding Congress, this volume reconsiders that basic premise. If in fact these approaches are mutually exclusive, what evidence favors one over the other? Could it be that these views focus on different aspects of a more complex puzzle?
Kenneth A. Shepsle and Barry R. Weingast have assembled leading...