We relate the design of contract law to the process of development. In this paper, contract law defines which private … levels of effort and trading among agents. The solution to this problem requires a social contract which meets two conditions …: (i) an economywide delegate (judge) responsible for the enforcement of the social contract and (ii) a set of non …

Property rights institutions, including contract enforcement, are recognized as a fundamental determinant to economic … underlie constraints on government predation. Following this logic, this study asks how contract enforcement is achieved …