Robert D. Cooter
Solomon's Knot
- ISBN 13:
- 9780691159713
- author:
- Robert D. Cooter
- format:
- Paperback
- publisher:
- Princeton University Press
- language:
- English
- Publication Year:
- 2013
- Pages:
- 344
- Dimensions:
- 23.37 x 15.49 x 2.29 centimetres
- Genre:
- Nonfiction, Social Sciences, Third World Development,
- Condition:
- New
- Availability:
- Item usually sent within 10 working days
Description
Solomon's Knot: A Legal Theory for Economic Growth Effective property and contract laws are crucial for uniting capital and ideas, enabling innovation and entrepreneurship to thrive. In poorer nations, the failure to address this "double trust dilemma of development" can lead to stagnant economies. Robert Cooter and Hans-Bernd Schäfer propose a legal theory that explains how well-designed business laws can help stimulate economic growth. Ineffective private and business laws are often cited as the root cause of poverty in developing nations. Without strong institutions, other attempts at promoting economic growth are likely to fail. This book presents a compelling argument for the importance of law in driving innovation and development. By understanding the role of effective legal frameworks, policymakers and entrepreneurs can work together to create an environment that fosters economic growth and prosperity.