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| Topics: | Enabling Environment, Enterprise Development, Empowering Civil Society, Legal & Regulatory Reform, Fragile States, Transparency & Accountability, Informal Sector, Anti-Corruption, Development Indicators, Commercial Law Frameworks, Aid Effectiveness, Decentralization, Governance & Civil Society, Democratic & Participatory Institutions, Economic & Institutional Analysis |
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A New Institutional Approach to Economic Development
Book
Mancur Olson, Satu Kahkonen
April 2001 |
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Many of economics’ recent successes have been outside the traditional boundaries of the discipline. Modern economics has had a deep influence on thinking in other social sciences, leading to the theoretical integration of all the social sciences under an overarching paradigm. This important volume illustrates the intellectual advances that account for this unified view of economies and societies. The editors and contributors discuss and analyze the interaction between political, economic, legal, and social forces, with examples from both developing and developed countries.
Part I of the book focuses on issues that are fundamental and important in any country, while Part II contains applications of this approach to India. The contributors discuss the political influence of corruption and social interest groups, the organizational structure of a government, the effects of commercial law, and the differences between communities with high and low social fragmentation.
All these affect and are affected by economic conditions. In the study of politics, for example, economists and political scientists using methods drawn from economics have had an extraordinary influence. In the study of law, ideas from economics have been the single most important source of intellectual change as a result of which “law and economics” has become a major field. For historians, the quantitative and theory-inspired approach of economics has also had a profound influence. And economics has influenced sociology through “radical choice sociology” and economists’ studies of demography, the family, and crime. From this point of view, one can argue that economics is at the forefront of the movement toward a unified social science. |
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| Last updated on: 3/23/2006 |
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