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Political Economy of Institutions and Decisions : The Politics of Property Rights: Political Instability, Credible Commitments, and Economic Growth in Mexico, 1876-1929 - Stephen Haber

Political Economy of Institutions and Decisions

The Politics of Property Rights: Political Instability, Credible Commitments, and Economic Growth in Mexico, 1876-1929

Paperback

Published: 4th November 2004
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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 Diaz 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.

"An impressive volume wih useful and clever statistical measurements of the performance of various parts of the economy, and it certainly is valuable addition to the economic history of Mexico." EH.net "Helps to unpack the diffuclt instability-growth puzzle." APSA Perspectives on Politics

Introduction
Theory: instability, credible commitments, and growth
VPI coalitions in historical perspective: Mexico's turbulent politics, 1876-1929
Finance
Industry
Petroleum
Mining
Agriculture
Conclusion
Table of Contents provided by Publisher. All Rights Reserved.

ISBN: 9780521603546
ISBN-10: 0521603544
Series: Political Economy of Institutions and Decisions
Audience: Professional
Format: Paperback
Language: English
Number Of Pages: 406
Published: 4th November 2004
Publisher: Cambridge University Press
Country of Publication: GB
Dimensions (cm): 22.7 x 15.1  x 2.5
Weight (kg): 0.54