Biographical note: DixitAvinash K.: Avinash K. Dixit is John J. F. Sherrerd ’52 University Professor of Economics at Princeton University. He is the author or coauthor of nine books, including "Investment under Uncertainty" (Princeton), "Thinking Strategically" (Norton), "Games of Strategy"...

This book aims to bridge the gap between elementary and advanced textbooks on growth theory, and to highlight and clarify the framework of intertemporal equilibrium that underlies much of growth theory.

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...