One of the classic problems in social science is known as the dilemma of the commons, in which land, water, and other resources held jointly by social or economic segments tend to be depleted sooner and to a greater extent than privately held assets. During the eighteenth and nineteenth centuries, many aspects of western European society changed fundamentally, including the abolition of common-property rights, which in itself was related to social and economic shifts in that same society. This book intends to put the debate on commons, commoners, and the disappearance of both throughout early...
One of the classic problems in social science is known as the dilemma of the commons, in which land, water, and other resources held jointly by social...
This book explains why governments respond differently to macroeconomic problems and why necessary reforms are sometimes delayed until a serious financial crisis erupts.
This book explains why governments respond differently to macroeconomic problems and why necessary reforms are sometimes delayed until a serious finan...
Economic development requires secure contract enforcement and stable property rights. Normal majority-rule politics, such as bargaining over distributive and monetary policies, generate instability and frequently undermine economic development. Above Politics argues that bureaucracies can contribute to stability and economic development, but only if they are insulated from unstable politics. A separation-of-powers stalemate creates the conditions for bureaucratic autonomy. But what keeps delegated bureaucrats from being more abusive as they become more autonomous? One answer is the...
Economic development requires secure contract enforcement and stable property rights. Normal majority-rule politics, such as bargaining over distribut...
Economic development requires secure contract enforcement and stable property rights. Normal majority-rule politics, such as bargaining over distributive and monetary policies, generate instability and frequently undermine economic development. Above Politics argues that bureaucracies can contribute to stability and economic development, but only if they are insulated from unstable politics. A separation-of-powers stalemate creates the conditions for bureaucratic autonomy. But what keeps delegated bureaucrats from being more abusive as they become more autonomous? One answer is the...
Economic development requires secure contract enforcement and stable property rights. Normal majority-rule politics, such as bargaining over distribut...