Law, Economics and the Institutional Approach to Development and Transition

Download or read book Law, Economics and the Institutional Approach to Development and Transition written by Enrico Colombatto and published by . This book was released on 2009 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: The principles underlying evolutionary psychology suggest an approach to Law and Economics that tends to reject top-down policy making and encourages a bottom-up stance, whereby rules lead to behavioral routines that are consistent with individuals' shared psychological patterns.The view proposed here is fruitful from a methodological perspective, in that it allows a new classification of societies, new insight on their prospects for economic growth, an innovative appreciation of the chances for successful transition in areas that have undergone substantial political transformation.