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Economic History Commons

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International Economics

2014

Legal Design for Market Democracies

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Full-Text Articles in Economic History

Microfoundations Of The Rule Of Law, Gillian K. Hadfield, Barry R. Weingast Dec 2013

Microfoundations Of The Rule Of Law, Gillian K. Hadfield, Barry R. Weingast

Gillian K Hadfield

Many social scientists rely on the rule of law in their accounts of political or economic development. Many however simply equate law with a stable government capable of enforcing the rules generated by a political authority. As two decades of largely failed efforts to build the rule of law in poor and transition countries and continuing struggles to build international legal order demonstrate, we still do not understand how legal order is produced, especially in places where it does not already exist. We here canvas literature in the social sciences to identify the themes and gaps in the existing accounts ...