Economic Developments in India Volume 124
Author :
Publisher : Academic Foundation
Page : 262 pages
File Size : 35,22 MB
Release :
Category :
ISBN : 9788171887071
Author :
Publisher : Academic Foundation
Page : 262 pages
File Size : 35,22 MB
Release :
Category :
ISBN : 9788171887071
Author : Editors : Raj Kapila & Uma Kapila
Publisher : Academic Foundation
Page : 328 pages
File Size : 34,82 MB
Release : 2002
Category : India
ISBN : 9788171882922
Author : Editors : Raj Kapila & Uma Kapila
Publisher : Academic Foundation
Page : 328 pages
File Size : 43,23 MB
Release : 2001
Category :
ISBN : 9788171882199
Author :
Publisher : Academic Foundation
Page : 264 pages
File Size : 31,21 MB
Release :
Category :
ISBN : 9788171887408
Author : Raj Kapila
Publisher : Academic Foundation
Page : 264 pages
File Size : 35,44 MB
Release : 2007
Category :
ISBN : 9788171886692
Author : Raj Kapila
Publisher : Academic Foundation
Page : 264 pages
File Size : 23,85 MB
Release : 2007
Category :
ISBN : 9788171886517
Author : Editors : Raj Kapila & Uma Kapila
Publisher : Academic Foundation
Page : 330 pages
File Size : 10,68 MB
Release : 1999
Category :
ISBN : 9788171881680
Author : Editors : Raj Kapila & Uma Kapila
Publisher : Academic Foundation
Page : 260 pages
File Size : 24,15 MB
Release : 2006
Category :
ISBN : 9788171886128
Author : Editors : Raj Kapila & Uma Kapila
Publisher : Academic Foundation
Page : 330 pages
File Size : 10,69 MB
Release : 2002
Category :
ISBN : 9788171882656
Author : Timothy Besley
Publisher : Princeton University Press
Page : 391 pages
File Size : 37,14 MB
Release : 2013-02-24
Category : Business & Economics
ISBN : 0691158150
How nations can promote peace, prosperity, and stability through cohesive political institutions "Little else is required to carry a state to the highest degree of opulence from the lowest barbarism, but peace, easy taxes, and a tolerable administration of justice; all the rest being brought about by the natural course of things." So wrote Adam Smith a quarter of a millennium ago. Using the tools of modern political economics and combining economic theory with a bird's-eye view of the data, this book reinterprets Smith's pillars of prosperity to explain the existence of development clusters—places that tend to combine effective state institutions, the absence of political violence, and high per-capita incomes. To achieve peace, the authors stress the avoidance of repressive government and civil conflict. Easy taxes, they argue, refers not to low taxes, but a tax system with widespread compliance that collects taxes at a reasonable cost from a broad base, like income. And a tolerable administration of justice is about legal infrastructure that can support the enforcement of contracts and property rights in line with the rule of law. The authors show that countries tend to enjoy all three pillars of prosperity when they have evolved cohesive political institutions that promote common interests, guaranteeing the provision of public goods. In line with much historical research, international conflict has also been an important force behind effective states by fostering common interests. The absence of common interests and/or cohesive political institutions can explain the existence of very different development clusters in fragile states that are plagued by poverty, violence, and weak state capacity.