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A systemic account of how institutions shape economic developmentInstitutions matter for economic development. Yet, despite this accepted wisdom, new institutional economics (NIE) has yet to provide a comprehensive look at what constitutes the institutional foundation of economic development (IFED). Bringing together findings from a range a fields, from development economics and development studies to political science and sociology, The Institutional Foundation of Economic Development explores the precise mechanisms through which institutions affect growth.Shiping Tang contends institutions shape economic development through four "Big Things": possibility, incentive, capability, and opportunity. From this perspective, IFED has six major dimensions: political hierarchy, property rights, social mobility, redistribution, innovation protection, and equal opportunity. Tang further argues that IFED is only one pillar within the New Development Triangle (NDT): sustained economic development also requires strong state capacity and sound socioeconomic policies.Arguing for an evolutionary approach tied to a country's stage of development, The Institutional Foundation of Economic Development advances an understanding of institutions and economic development through a holistic, interdisciplinary lens

"Tang provides a coherent and systematic exploration (statement/exposition better?) of social evolution as a phenomenon and as a paradigm. He critically builds on existing discussions on social evolution, while drawing from a wide range of disciplines, including archaeology, evolutionary anthropology, sociology, economics, political science, the philosophy of social sciences, and evolutionary biology. Clarifying the relationship between biological evolution and social evolution, Tang lays bare the ontological and epistemological principles of the Social Evolutionary Paradigm. He also presents operational principles and tools for deploying this paradigm to understand empirical puzzles about human society. This is a vital resource for students, practitioners and philosophers of all social sciences"--

This book advances a coherent statement of defensive realism as a theory of strategy for our time and adds to our understanding of defensive realism as a grand theory of IR in particular and our understanding of IR in general and contributes to the ongoing debates among major paradigms of international relations.