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The Politics of Property Rights: Political Instability, Credible Commitments, and Economic Growth in Mexico, 1876–1929: Political Economy of Institutions and Decisions

Autor Stephen Haber, Armando Razo, Noel Maurer
en Limba Engleză Paperback – 25 iul 2004
This book addresses a puzzle in political economy: why is it that political instability does not necessarily translate into economic stagnation or collapse? In order to address this puzzle, it advances a theory about property rights systems in many less developed countries. In this theory, governments do not have to enforce property rights as a public good. Instead, they may enforce property rights selectively (as a private good), and share the resulting rents with the group of asset holders who are integrated into the government. Focusing on Mexico, this book explains how the property rights system was constructed during the Porfirio Díaz dictatorship (1876–1911) and then explores how this property rights system either survived, or was reconstructed. The result is an analytic economic history of Mexico under both stability and instability, and a generalizable framework about the interaction of political and economic institutions.
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Specificații

ISBN-13: 9780521603546
ISBN-10: 0521603544
Pagini: 406
Ilustrații: 5 b/w illus. 1 map 64 tables
Dimensiuni: 151 x 227 x 25 mm
Greutate: 0.54 kg
Editura: Cambridge University Press
Colecția Cambridge University Press
Seria Political Economy of Institutions and Decisions

Locul publicării:New York, United States

Cuprins

1. Introduction; 2. Theory: instability, credible commitments, and growth; 3. VPI coalitions in historical perspective: Mexico's turbulent politics, 1876–1929; 4. Finance; 5. Industry; 6. Petroleum; 7. Mining; 8. Agriculture; 9. Conclusion.

Recenzii

"An impressive volume wih useful and clever statistical measurements of the performance of various parts of the economy, and it certainly is valuable addition to the economic history of Mexico." EH.net
"Helps to unpack the diffuclt instability-growth puzzle." APSA Perspectives on Politics

Notă biografică


Descriere

This book explains why political instability is not necessarily correlated with economic stagnation.