||1 of 1 people found the following review helpful.| A strong method for economic analysis|By Mr. M. J. Wilkinson|I recently read Greif's book to help with the completion of my Masters thesis in economics. The framework of institutional change he creates in this book represents an very strong method for economic analysis, one that I have not seen, elsewhere.
Briefly, Greif focuses on how actors decide which action to||"Greif strips economic transactions down to their elements. He focuses on the core question: who (or what) were the watchdogs that allowed the merchants to trust one another and to bear with the princes who could confiscate the fruits of all their efforts? An
It is widely believed that current disparities in economic, political, and social outcomes reflect distinct institutions. Institutions are invoked to explain why some countries are rich and others poor, some democratic and others dictatorial. But arguments of this sort gloss over the question of what institutions are, how they come about, and why they persist. They also fail to explain why institutions are influenced by the past, why it is that they can sometimes change...
[PDF.gb36] Institutions and the Path to the Modern Economy: Lessons from Medieval Trade (Political Economy of Institutions and Decisions) Rating: 3.57 (408 Votes)
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You easily download any file type for your device.Institutions and the Path to the Modern Economy: Lessons from Medieval Trade (Political Economy of Institutions and Decisions) | Avner Greif. I really enjoyed this book and have already told so many people about it!
