In recent years, comparative economics experienced a revival, with a new focus on comparing capitalist economies. The theme of the new research is that institutions exert a profound influence on economic development. The authors argue that, to understand capitalist institutions, one needs to...

In seinem berühmten Buch lieferte Adam Smith das erste geschlossene System der Volkswirtschaftslehre, auf das alle späteren Theoretiker Bezug nahmen. Smith ging davon aus, dass es im Menschen einen ursprünglich angelegten Ausgleich zwischen Selbstsucht und Nächstenliebe gibt und daß sich...

In recent years, comparative economics experienced a revival, with a new focus on comparing capitalist economies. The 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...

In recent years, comparative economics experienced a revival, with a new focus on comparing capitalist economies. The theme of the new research is that institutions exert a profound influence on economic development. The authors argue that, to understand capitalist institutions, one needs to...