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In recent years, the field of comparative economics refocused on the comparison of capitalist economies. The theme of the new research is that institutions exert a profound influence on economic development. We argue that, to understand capitalist institutions, one needs to understand the basic tradeoff between the costs of disorder and those of dictatorship. We apply this logic to study the structure of efficient institutions, the consequences of colonial transplantation, the the politics of institutional choice.

Intro -- Foreword -- References -- Acknowledgements -- Contents -- Notes on Contributors -- List of Figures -- List of Charts -- List of Tables -- 1: Introduction to the Palgrave Handbook of Comparative Economics -- 1 What's in a Term? -- 2 The "Old" Comparative Economics: The Origin of the Field -- 3 From "Old" to "New" Comparative Economics -- 4 Further Evolutions: More Institutions, More Outcomes -- 5 Structure of the Book -- 6 Some More Guidance on How to Read This Handbook -- References -- Part I: Evolution of the Field of Comparative Economics Systems -- 2: A Historiography of Comparative Economics -- 1 Introduction -- 2 Early Economic Comparisons -- 3 Economic Systems Based on Religion and Utopias -- 4 Toward Systems Based on Self-Interest -- 5 General Equilibrium Theory and the Pareto Principle -- 6 Sovietology as Comparative Economics -- 7 The Economic System -- 8 The Economics of Transition -- 9 The New Comparative Economics -- 10 Institutions -- 11 Conclusion -- References -- 3: The Soviet Economic System: An Archival Re-evaluation -- 1 Western Historiography of the Soviet Economy -- 2 The Archival Revolution -- 3 Planners' Preference of the Dictator -- 4 The Stalin Dictatorship -- 5 The Planned Economy: Gosplan -- 6 Resource Managers Versus Planners -- 7 Money and Prices -- 8 Freezing the Economy at the Achieved Level -- 9 Conclusions -- References -- 4: Institutions, Institutional Systems and Their Dynamics -- 1 Introduction -- 2 Institutions and Institutional Systems -- 3 Different Institutional Systems Have Different Dynamics -- 4 The Typology of Institutional Systems and of the Major Transitions -- 5 Transition Toward Socialism and Away from It -- 6 Economic Transitions Under Democracy -- 7 Authoritarian Transitions After Free Elections -- 8 Concluding Comments -- References.

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Preface -- Overview of comparative economics -- How do we compare economies? -- The theory and practice of market capitalism -- The theory and history of marxism and socialism -- Islamic economics and the economics of other religions varieties of advanced market capitalism -- The United States of America : the market capitalist leader -- Japan : can a former planned new traditional economy thrive? -- France : whither indicative planning? : the case of France -- Sweden: crisis and reform of the capitalist welfare state -- The unification of germany and the unification of europe -- Varieties of the systemic transition process -- The myth and reality of the soviet command socialist economy and Russia's economic transition -- Post-soviet states : alternative paths of transition and divergent models of market economies -- Poland : a success story of economic transition? -- China's socialist market economy : the sleeping giant wakes -- North and south korea : the lingering shadow of the cold war -- Alternative paths among developing economies -- India : the elephant walks -- Iran : the struggle for a new traditional islamic economy -- South africa : systemic change and the struggle for racial justice -- Mexico : revolution and reform in the mexican economy -- Brazil : the search for sustainable development and socioeconomic equality -- Evolving trends of the transforming world economy -- Glossary -- Index -- References

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