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The factors behind the emergence of the New Economy are still poorly understood. In this article, Pascal Petit from CEPREMAP and CNRS in France provides an institutional perspective on the developmental phases or roots of this New Economy. He analyzes the structural, institutional and...
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This paper explores two traditions of optimism in economics. In one of these traditions optimism is based on the comprehension of a spontaneous (and often progressive) order in a decentralised (or market) economy – what I will call the optimism of the “invisible hand”. Against the optimism...
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In this general equilibrium model, justice and police institutions are treated as a mechanism that induces individuals … consideration in the design of its institutions: encroachment is a form of redistribution from the most talented individuals to the …'efficacité dans la conception des institutions : la prédation est une forme de redistribution des plus productifs vers les moins …
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