Syllabus
1. So close and yet so different.
2. Theories that Do Not Work
3. Making of prosperity and Poverty
4. Small Differences and Critical Junctures
5. Growth under Extractive Institutions
6. Institutional Drift
7. Barries to Development
8. 1688 - The Turning Point
9. Reversing Dvelopment
10. The Diffusion of Prosperity
11. The Virtuous Cycle
12. The Vicious Cycle
13. Why Nations Fail Even Today?
14. Breaking the Mould
15. Understanding Power, Prosperity and Poverty
Annotation
The course provides a broad explanation of world economy inequalities, sources of prosperity and it also explains how legal and other norms shape the world we live in. It illuminates the relationship of legal and other social norms on one hand and political and economic institutions on the other.
It provides many historical and contemporary examples of the impact that various political and economic institutions have in the course of economic development. The course can be understood as a parallel and also an economic reinterpretation of the course "History of State and Law in Europe and the USA".