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Institutional change and economic development: concepts, theory and political economy

Published online by Cambridge University Press:  08 February 2011

AMITAVA KRISHNA DUTT
AMITAVA KRISHNA DUTT*
Affiliation:
Department of Political Science, University of Notre Dame, Notre Dame, IN 46556, USA
*
*Email: [email protected]
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Abstract

This article complements Ha-Joon Chang's critique, entitled ‘Institutions and Economic Development: Theory, Policy and History’, of the ‘dominant discourse’ on institutions and economic development which takes the view that getting the institutions right (by strengthening private property rights and market freedoms) is a prerequisite for development. It does so by commenting on the concepts of economic development and institutions, discussing the theory of how institutional change affects development, and examining the possibility and desirability of such institutional change as a prerequisite of development.

Type
Research Article
Information
Journal of Institutional Economics , Volume 7 , Issue 4 , December 2011 , pp. 529 - 534
Copyright
Copyright © The JOIE Foundation 2011

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References

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