Actions for Solomon's knot : how law can end the poverty of nations

Email RIS file
Bookmark
Report an Issue

Solomon's knot : how law can end the poverty of nations / Robert D. Cooter, Hans-Bernd Schäfer

Author
Cooter, Robert
Additional Titles
How law can end the poverty of nations
Published
Princeton : Princeton University Press, [2012]
Copyright Date
©2012
Physical Description
1 online resource (1 volume) : illustrations
Additional Creators
Schäfer, Hans-Bernd
Access Online

Availability

I Want It
I Want It

Finding items...

Series
Contents
Cover; Title Page; Copyright; Dedication; Contents; Preface; Acknowledgments; Chapter 1 It's about the Economy; Chapter 2 The Economic Future of the World; Chapter 3 The Double Trust Dilemma of Development; Chapter 4 Make or Take; Chapter 5 The Property Principle for Innovation; Chapter 6 Keeping What You Make--Property Law; Chapter 7 Doing What You Say--Contracts; Chapter 8 Giving Credit to Credit--Finance and Banking; Chapter 9 Financing Secrets--Corporations; Chapter 10 Hold or Fold--Financial Distress; Chapter 11 Termites in the Foundation--Corruption.
Summary
Sustained growth depends on innovation, whether it's cutting-edge software from Silicon Valley, an improved assembly line in Sichuan, or a new export market for Swaziland's leather. Developing a new idea requires money, which poses a problem of trust. The innovator must trust the investor with his idea and the investor must trust the innovator with her money. Robert Cooter and Hans-Bernd Schäfer call this the "double trust dilemma of development." Nowhere is this problem more acute than in poorer nations, where the failure to solve it results in stagnant economies. In Solomon's Knot, Cooter and Schäfer propose a legal theory of economic growth that details how effective property, contract, and business laws help to unite capital and ideas. They also demonstrate why ineffective private and business laws are the root cause of the poverty of nations in today's world. Without the legal institutions that allow innovation and entrepreneurship to thrive, other attempts to spur economic growth are destined to fail.
Subject(s)
ISBN
9781400839681
1400839688
9780691147925
0691147922
Digital File Characteristics
data file
Bibliography Note
Includes bibliographical references and index.
View MARC record | catkey: 43172756