Since the beginning of the 1990s, the question of institutions has been propelled to the top of the economic agenda. If the empirical literature has well documented the general relationship between institutions and development, attention is now being concentrated on the actual nature of the...

The culmination of a long-lasting and impressive research program, this book summarizes the relationship between economic development with income on the one hand and the evolution of institutions on the other; the transition of countries from one economic and social system to another. The author...