How can property rights be protected and contracts be enforced in countries where the rule of law is ineffective or absent? How can firms from advanced market economies do business in such circumstances? In Lawlessness and Economics, Avinash Dixit examines the theory of private institutions that...

"This book is an in-depth analysis of how cultural, religious and social institutions have shaped the economic destinies of North America and Latin America over the last five hundred years. The final chapters look at recent developments in individual Latin American countries and considers the...