Institutions, Social Norms and Economic Development (Fundamentals of Development Economics), J. P. Platteau, Jean-Philippe Platteau

Institutions, Social Norms and Economic Development (Fundamentals of Development Economics), J. P. Platteau, Jean-Philippe PlatteauIn order for economic specialization to develop, it is important that well-defined property rights are established and that suspicion and fear of fraud do not pervade transactions. Such conditions cannot be created ex abrupto but must somehow evolve. What needs to develop are not only suitable practices and rules themselves, but also the public agencies and moral environment without which generalized trust is difficult to establish. The cultural endowment of societies as they have developed over their particular histories is bound to play a major role in this regard, and the matter of cultural endowment is one of the central themes of this book.
On the other hand, division of labour does not only require well-enforced property rights and trust in economic dealings. It is also critically conditioned by the thickness of economic space, itself dependent on population density. This provides the second major theme of the volume: market development, including the development of private property Обо всём этом и не только в книге Institutions, Social Norms and Economic Development (Fundamentals of Development Economics) (J. P. Platteau, Jean-Philippe Platteau)

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