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Of markets and men: comments on Chang

Published online by Cambridge University Press:  08 February 2011

MARIA BROUWER*
Affiliation:
University of Amsterdam, Department of Economics, Roetersstraat 11, Amsterdam, The Netherlands

Abstract:

The discussion about the role of institutions in economic development should revolve around the relative performance of institutions and not around the alleged superiority of one system over the other.

Type
Research Article
Copyright
Copyright © The JOIE Foundation 2011

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References

Brouwer, M. (2005), ‘The Robustness of Managing Uncertainty through Risk-Sharing Contracts; from Medieval Italy to Silicon Valley’, Journal of Management and Governance, 9 (3): 237255.Google Scholar
Brouwer, M. (2008), Governance and Innovation: A Historical View, Routledge Studies in Global Competition, Abingdon, UK: Routledge.Google Scholar
Brouwer, M. (2010), Markets and Organizations/ Individualism and Economic Theory; 13th Conference of the International Schumpeter Society, Aalborg, June 2010. http://schumpeter2010.dk/index.php/schumpeter/schumpeter2010/paper/viewFile/112/75Google Scholar
Chang, H. (2011), ‘Institutions and Economic Development: Theory, Policy and History’, Journal of Institutional Economics, 7 (4): doi:10.1017/S1744137410000378.Google Scholar