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This book investigates the performance of economic development under different forms of government, ranging from autocratic states to liberal democracies. Starting with a critical review of the literature on social and economic development, including the works of Frank Knight, Max Weber, Joseph Schumpeter and Peter Drucker, it offers a historical analysis of the expansion of markets, cities and trade in medieval Europe, and the monopolization of trade by the emerging European nation states. The book also presents a case study on the rise and decline of the Dutch Republic, discusses topics...

"This provocative book applies law and finance theory to a wide range of issues bearing on corporate governance and business history. Brouwer's analysis should hold particular interest for students and scholars interested in comparative governance."

Joseph A. McCahery, Professor of Corporate Governance and Innovation, University of Amsterdam Center for Law and Economics

This book focuses on the relationships between rules of decision-making and economic development, concentrating on the similarities and differences between old and modern modes of governance in both business...

Most economic theory is based on the assumption that economies grow in a linear fashion. Recessions, depressions and (financial) crises are explained by policy mistakes. However, economic development has historically been uneven, and this state of affairs continues today. This book argues that twentieth century economic theory has marginalized individualism and organizational variety, and puts forward the case for a pluralist approach.

This book represents a unique synthesis of business theory and economic theory, which pinpoints the problems with many current mainstream...