theme of the new research is that institutions exert a profound influence on economic development. We argue that, to … understand capitalist institutions, one needs to understand the basic trade-off between the costs of disorder and those of … dictatorship. We then apply this logic to study the structure of efficient institutions, the consequences of colonial …

This survey reviews the recent research on trust, institutions and economic development. It discusses the various … institutions and policies can affect trust and promote pro-social behaviors. …