Опираясь на эволюционные методы, автор рассматривает становление и развитие институтов в примитивных и эпохах неолита. Анализируется преобразование...

Using property-rights tools, this paper develops a theory of the transition from despotic to rule-of-law regimes, relying on the notion that rulers and subjects are interested in maximizing wealth. Keeping subjects in check enhances despots' internal security, but at the cost of lower output,...

Badly defined institutional framework caused many problems of the Czech transition. Designers of the economic reform did not respect the importance of precisely functioning market institutions. No doubts that building institutions supports the functioning of markets. The article analyses why...