The Politics of Property Rights - Haber, Stephen H.; Razo, Armando; Maurer, Noel
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Short description/annotation
The book explains why political instability is not necessarily correlated with economic stagnation.
Main description
This book addresses a puzzle in political economy: why is it that political instability does not necessarily translate into economic stagnation or collapse(?)33; 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…mehr

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Produktbeschreibung
Short description/annotation
The book explains why political instability is not necessarily correlated with economic stagnation.

Main description
This book addresses a puzzle in political economy: why is it that political instability does not necessarily translate into economic stagnation or collapse(?)33; 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.

Table of contents:
1. Introduction; 2. Theory: instability, credible commitments, and growth; 3. VPI coalitions in historical perspective: Mexico's turbulent politics, 1876-1929; 4. Finance; 5. Industry; 6. Petroleum; 7. Mining; 8. Agriculture; 9. Conclusion.
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Autorenporträt
Stephen Haber is A. A. and Jeanne Welch Milligan Professor at Stanford University, where he teaches political science and history. He is also the Peter and Helen Bing Senior Fellow of the Hoover Institution. Haber also serves as Director of Stanford's Social Science History Institute. He is the author of numerous books and articles, including Industry and Underdevelopment: The Industrialization of Mexico, 1890-1940 (1989) and How Latin America Fell Behind (1997).