ECON 0490
Comparative Economics
Comparative Institutional Economics
This seminar provides an introduction to comparative institutional economics, a new and evolving field that explores the nature, origin and impact of the rules that govern economic interaction. Particular attention will be given to the different ways in which societies enforce contracts and define property rights. Drawing on examples from present day developed and developing countries, as well as more distant history, we will ask how and why such institutional differences arise and whether they matter for economic performance. (ECON 0250 or ECON 0255; or by approval) 3 hrs. sem.
This seminar provides an introduction to comparative institutional economics, a new and evolving field that explores the nature, origin and impact of the rules that govern economic interaction. Particular attention will be given to the different ways in which societies enforce contracts and define property rights. Drawing on examples from present day developed and developing countries, as well as more distant history, we will ask how and why such institutional differences arise and whether they matter for economic performance. (ECON 0250 or ECON 0255; or by approval) 3 hrs. sem.