The official blog of the Journal of Institutional Economics
Summary of JOIE article (First View, 18 March 2020) by Jerg Gutmann and Stefan Voigt, Institute of Law and Economics, University of Hamburg). The full article is available on the JOIE website. The existence of traditional law is frequently associated with pre-modern, pre-nation state institutions. Max Weber (1919) famously defined the state as an organization…
Summary of JOIE article (First View, 20 January 2020) by Gerhard Wegner, Lehrstuhl für Institutionenökonomie und WirtschaftspolitikStaatswissenschaftliche Fakultät, Universität Erfurt. The full article is available on the JOIE website. Recent approaches in institutional economics emphasize the dependence of capitalism on democracy. Acemoglu/Robinson (2012) argue that only inclusive political institutions will establish inclusive economic institutions which…
Summary of JOIE Article by Peter J. Hill, Professor Emeritus Wheaton College, Senior Fellow, Property and Environment Research Center. Full article available on the JOIE website. In any discussion of the beginnings of modern economic growth the concept of the rule of law plays a crucial role. In Violence and Social Orders: A Conceptual Framework for…
Summary of JOIE article (First View, 14 January 2020) by Benito Arruñada, Pompeu Fabra University and BGSE, Barcelona. The full article is available on the JOIE website. Experienced people, those who get in touch with rule-of-law institutions, perceive that they work worst. Therefore, optimism on the functioning of institutions seems to be the privilege of the inexperienced, especially of…
Summary of JOIE article (First View, 26 December 2019) by Alain Marciano, Professeur d’Économie, Directeur Scientifique de Montpellier Recherche en Économie. The full article is available on the JOIE website James Buchanan was a longstanding advocate of federalism. Contrary to some accounts, he did not first defend federalism in the 1950s, in response to the desegregation…
Summary of JOIE article (First View, 29 October 2019) by Mario Aldo Cedrini, Dipartimento di Economia e Statistica “Cognetti de Martiis”, Università di Torino, Angela Ambrosino, Dipartimento di Economia e Statistica “Cognetti de Martiis”, Università di Torino, Roberto Marchionatti, Dipartimento di Economia e Statistica “Cognetti de Martiis”, Università di Torino and Alain Caillè, Laboratoire Sophiapol, Université…