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The Philippines became independent in 1946 but its legal and constitutional framework was erected in the 1935 … Constitution. The 1987 Constitution did little to change these provisions in the midst of economic reforms that were undertaken to … constitution have played the role of iron economic laws because of their relative permanence in the legal framework. These …
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An increasing amount of literature links the quality of institutions and governance to economic performance across the economies. In this respect, the maintenance of rule of law plays a critical role, for it encourages growth, investments and innovations, and firm growth and business...
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Dieser Beitrag skizziert eine "conceptual history" der modernen Gesellschaft. Er unterscheidet eine malthusianische Stagnationsphase und eine postmalthusianische Wachstumsphase der Weltwirtschaftsgeschichte und entwickelt anhand eines Modells zur Interdependenz wirtschaftlicher und politischer...
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This article re-examines the relationship between constitutional monarchy and economic growth in Europe. We suggest that economic growth explains the survival of constitutional monarchy rather than vice versa. The empirical results are consistent with our hypothesis
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Recent finance scholarship finds that countries with legal systems based on the common law provide better investor protections and have more developed financial markets than civil law countries. These findings echo Hayek's claims of the superiority of English to French legal institutions. In...
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