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Título: | Hobbes to rousseau: Inequality, institutions and development |
Autor: | Cervellati, Matteo; Fortunato, Piergiuseppe; Sunde, U. | Fecha de publicación: | 2008 | Editor: | Wiley-Blackwell | Citación: | Economic Journal 118(531): 1354-1384 (2008) | Resumen: | This article studies the endogenous evolution of economic and political institutions and the interdependencies with the process of economic development. Favourable economic institutions in the form of a state of law and absence of societal conflict arise in equilibrium. Democracies are neither necessary nor sufficient to implement a state of law, even if they may be instrumental. Efficient oligarchies can emerge and persist supported by the consensus of all groups. A taxonomy of politico-economic equilibria shows the endogenous evolution of institutions depending on economic inequality and natural resource abundance, implying a non-monotonic relationship between inequality and institutional quality. © Journal compilation © 2008 by the Royal Economic Society. | URI: | http://hdl.handle.net/10261/57811 | DOI: | 10.1111/j.1468-0297.2008.02173.x | Identificadores: | doi: 10.1111/j.1468-0297.2008.02173.x issn: 0013-0133 e-issn: 1468-0297 |
Aparece en las colecciones: | (IAE) Artículos |
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Hobbes to Rousseau.pdf | 355,81 kB | Adobe PDF | Visualizar/Abrir |
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