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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.

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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

Chapter 1: Introduction to the Handbook of Comparative Economics -- Part 1: Evolution of the Field of Comparative Economics Systems -- Chapter 2: A Historiography of Comparative Economics -- Chapter 3: The Soviet Economic System: An Archival Re-Evaluation -- Chapter 4: Institutions, Institutional Systems and their Dynamics -- Chapter 5: The "New Comparative Economics" – a Critical Review -- Part 2: Comparative Economic Systems in Economic History -- Chapter 6: Comparative Economic History -- Chapter 7: The World's First Meritocracy through the Lens of Institutions and Cultural Persistence -- Chapter 8: Institutions Matter – but so does History: A Comparison of Mediaeval Dubrovnik with other Dalmatian Cities -- Chapter 9: Long-run inequality in Communist Countries: Before, During, After -- Chapter 10: Effect of Historical Forces on liberalisation and democratisation in Transition -- Part 3: Post-Communist Transition -- Chapter 11: Thirty Years of Transition: Eleven Stylised Facts -- Chapter 12: The Importance of Domestic Commitment -- Chapter 13: Political Economy of Transition Reforms -- Chapter 14: The EU Anchor Thesis: Transition from Socialism, Institutional Vacuum and Membership in the European Union -- Chapter 15: Some Reflections on Transition: its Roots, its Complexity of the process, and Role of the IMF and other Organizations -- Chapter 16: Are the Transition Economies still in Transition? -- Chapter 17: Institutional Change in Transition: An Evolving Research Agenda.-Part 4: New Comparative Economics: Growth and formal institutions in a globalised world -- Chapter 18: Institutions, Human Capital and Economic Growth -- Chapter 19: Reform Design Matters: the Role of Structural Policies Complementarities -- Chapter 20: Democracy as a Driver of Post-Communist Economic Development -- Chapter 21: Economic Development, Transition and New Structural Economics -- Part 5: The "new" New Comparative Economics: broadening the goals -- Chapter 22: Rethinking Development: Broadening the Goals and Altering the Approach -- Chapter 23: Explaining the Heterogeneity of Health Outcomes in Post-Communist Europe -- Chapter 24: Building the Good Life: Growth, Reforms and Happiness in Transition -- Chapter 25: Growth and Subjective Wellbeing in China -- Chapter 26: Understanding Demographic Challenges of Transition through the China Lens -- Part 6: Addressing new issues by comparative analysis -- Chapter 27: Inequality and Wellbeing in Transition: linking experience and perception to policy preferences -- Chapter 28: Authoritarian Populism in Comparative Perspective -- Chapter 29: Does Emigration affect Political and Institutional Development in Migrants' Countries of Origin? -- Chapter 30: Understanding Tax Evasion: Combining the Public Choice and new Institutionalist Perspectives -- Chapter 31: The Rules of the Game in Transition: how Informal Institutions work in South East Europe -- Chapter 32: Entrepreneurship in Comparative Economics Perspective -- Part 7: Methodologies for comparative analysis -- Chapter 33: Taxonomies and Typologies: starting to Reframe Economic Systems -- Chapter 34: Institutional Complementarities in Comparative Capitalism: a Bibliometric Account -- Chapter 35: The Challenge of Identification and the Value of Descriptive Evidence -- Chapter 36: Conclusion: So what is the new Comparative Economics now?. .

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