The politics of property rights: political instability, credible commitments, and economic growth in Mexico, 1876-1929

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, governmen...

Full description

Saved in:
Bibliographic Details
Main Author: Haber, Stephen H. 1957- (Author)
Format: Electronic eBook
Language:English
Published: Cambridge Cambridge University Press 2003
Series:Political economy of institutions and decisions
Subjects:
Links:https://doi.org/10.1017/CBO9780511615610
https://doi.org/10.1017/CBO9780511615610
https://doi.org/10.1017/CBO9780511615610
Summary: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
Item Description:Title from publisher's bibliographic system (viewed on 05 Oct 2015)
Physical Description:1 online resource (xv, 382 pages)
ISBN:9780511615610
DOI:10.1017/CBO9780511615610

Order via interlibrary loan Read online (BSB)

Library Card of Bavarian State Library (BSB) necessary.