LEADER 04150nam 2200745Ia 450 001 9910462556303321 005 20200520144314.0 010 $a1-283-63945-9 010 $a1-4008-3968-8 024 7 $a10.1515/9781400839681 035 $a(CKB)2670000000166746 035 $a(EBL)815523 035 $a(OCoLC)812251835 035 $a(SSID)ssj0000624503 035 $a(PQKBManifestationID)11369444 035 $a(PQKBTitleCode)TC0000624503 035 $a(PQKBWorkID)10585669 035 $a(PQKB)11150428 035 $a(MiAaPQ)EBC815523 035 $a(DE-B1597)446738 035 $a(OCoLC)979758307 035 $a(DE-B1597)9781400839681 035 $a(Au-PeEL)EBL815523 035 $a(CaPaEBR)ebr10610075 035 $a(CaONFJC)MIL395191 035 $a(OCoLC)817706379 035 $a(EXLCZ)992670000000166746 100 $a20110825d2012 uy 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aSolomon's knot$b[electronic resource] $ehow law can end the poverty of nations /$fRobert D. Cooter, Hans-Bernd Schafer 205 $aCourse Book 210 $aPrinceton $cPrinceton University Press$dc2012 215 $a1 online resource (343 p.) 225 0 $aThe Kauffman Foundation Series on Innovation and Entrepreneurship 225 0$aKauffman Foundation series on innovation and entrepreneurship 300 $aDescription based upon print version of record. 311 $a0-691-15971-8 311 $a0-691-14792-2 320 $aIncludes bibliographical references (p. 299-311) and index. 327 $tFrontmatter --$tContents --$tPreface --$tAcknowledgments --$tChapter 1. It's about the Economy --$tChapter 2. The Economic Future of the World --$tChapter 3. The Double Trust Dilemma of Development --$tChapter 4. Make or Take --$tChapter 5. The Property Principle for Innovation --$tChapter 6 Keeping What You Make-Property Law --$tChapter 7 Doing What You Say-Contracts --$tChapter 8. Giving Credit to Credit-Finance and Banking --$tChapter 9. Financing Secrets-Corporations --$tChapter 10. Hold or Fold-Financial Distress --$tChapter 11. Termites in the Foundation-Corruption --$tChapter 12. Poverty Is Dangerous-Accidents and Liability --$tChapter 13. Academic Scribblers and Defunct Economists --$tChapter 14. How the Many Overcome the Few --$tChapter 15. Legalize Freedom-Conclusion --$tNotes --$tBibliography --$tIndex 330 $aSustained growth depends on innovation, whether it's cutting-edge software from Silicon Valley, an improved assembly line in Sichuan, or a new export market for Swaziland's leather. Developing a new idea requires money, which poses a problem of trust. The innovator must trust the investor with his idea and the investor must trust the innovator with her money. Robert Cooter and Hans-Bernd Schäfer call this the "double trust dilemma of development." Nowhere is this problem more acute than in poorer nations, where the failure to solve it results in stagnant economies. In Solomon's Knot, Cooter and Schäfer propose a legal theory of economic growth that details how effective property, contract, and business laws help to unite capital and ideas. They also demonstrate why ineffective private and business laws are the root cause of the poverty of nations in today's world. 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