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A01=Martin Paldam
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The Grand Pattern of Development and the Transition of Institutions

English

By (author): Martin Paldam

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 considers the transitions of two types of institutions: The first is external; it is legal-administrative systems with staff and buildings. The political system and the economic system are considered. The second consists of traditions and beliefs. Here corruption and religiosity are considered. Contrary to the claim that institutions are causal to development, this book demonstrates that the main direction of causality is from income to institutions. As countries get wealthy, they become secular democracies with low corruption and a mixed economic system. In this impressive coda, Paldam shows that the evolution of institutions is not causal to the economic growth process but rather follows it. See more
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Product Details
  • Weight: 520g
  • Dimensions: 158 x 235mm
  • Publication Date: 19 Aug 2021
  • Publisher: Cambridge University Press
  • Publication City/Country: United Kingdom
  • Language: English
  • ISBN13: 9781316515501

About Martin Paldam

Martin Paldam is Professor Emeritus in the Department of Economics and Management at Aarhus University.

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