LEADER 03952nam 22006255 450 001 9910720073303321 005 20251009073556.0 010 $a9789819908448$b(electronic bk.) 010 $z9789819908431 024 7 $a10.1007/978-981-99-0844-8 035 $a(MiAaPQ)EBC7243039 035 $a(Au-PeEL)EBL7243039 035 $a(DE-He213)978-981-99-0844-8 035 $a(OCoLC)1378657966 035 $a(CKB)26540608000041 035 $a(EXLCZ)9926540608000041 100 $a20230429d2023 u| 0 101 0 $aeng 135 $aurcnu|||||||| 181 $ctxt$2rdacontent 182 $cc$2rdamedia 183 $acr$2rdacarrier 200 10$aInstitutions and Economic Development $eMarkets, Ideas, and Bottom-Up Change /$fby Bryan Cheang, Tom G. Palmer 205 $a1st ed. 2023. 210 1$aSingapore :$cSpringer Nature Singapore :$cImprint: Springer,$d2023. 215 $a1 online resource (210 pages) 225 1 $aClassroom Companion: Economics,$x2662-2890 311 08$aPrint version: Cheang, Bryan Institutions and Economic Development Singapore : Springer,c2023 9789819908431 320 $aIncludes bibliographical references. 327 $aInstitutions Matter -- Formal Institutions -- Informal Institutions and Culture -- Institutions or Discretionary Leadership? -- Institutional Entrepreneurship and the Role of Non-profits. 330 $aThis book is a survey of the field of development studies from a political economy perspective. It first reviews the academic literature on development and highlights the fundamental importance of institutions and social values, over and above other alternative theories, as determinants in long-run development. In this context, the book draws from the works of Nobel Laureates Douglass North, F.A. Hayek and Elinor Ostrom, and argues that the ingredients of property rights, the rule of law, and market freedoms are essential in generating socio-economic progress. Successful reforms however are not simply a function of constructing formal institutions, but must cohere with the social values, norms, and cultural commitments of local communities. It is in this spirit that the book theorises on the oft-neglected role that political entrepreneurs play in driving endogenous institutional change. Specifically, this book integrates the theoretical discussion on market-drivendevelopment with a range of case studies from around the world, featuring the bottom-up efforts of local change agents to pursue institutional reforms and changes in social opinion. This marvellous handbook displays an impressive grasp of the vast literature on economic development, highlighting the crucial role of liberal ideas of freedom for economic success. The handbook masterfully summarizes debates on free markets, institutions, and culture as causes of development. This is the best textbook treatment of liberalism and development that I have ever seen. William Easterly, Professor of Economics at New York University (NYU) and Co-Director, NYU Development Research Institute. 410 0$aClassroom Companion: Economics,$x2662-2890 606 $aDevelopment economics 606 $aEvolutionary economics 606 $aInstitutional economics 606 $aComparative government 606 $aDevelopment Economics 606 $aInstitutional and Evolutionary Economics 606 $aComparative Politics 615 0$aDevelopment economics. 615 0$aEvolutionary economics. 615 0$aInstitutional economics. 615 0$aComparative government. 615 14$aDevelopment Economics. 615 24$aInstitutional and Evolutionary Economics. 615 24$aComparative Politics. 676 $a306.3 700 $aCheang$b Bryan$01265574 702 $aPalmer$b Tom G. 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 912 $a9910720073303321 996 $aInstitutions and Economic Development$93392412 997 $aUNINA