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Peter J. Boettke, Christopher J. Coyne and Peter T. Leeson

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Peter J. Boettke, Christopher J. Coyne and Peter T. Leeson

Research examining the importance of path dependence and culture for institutions and development tells us that “history matters,” but not how history matters. To provide this missing “how,” we provide a framework for understanding institutional “stickiness” based on the regression theorem. The regression theorem maintains that the stickiness, and therefore likely success, of any proposed institutional change is a function of that institution’s status in relationship to indigenous agents in the previous time period. This framework for analyzing institutional stickiness creates the core of what we call the New Development Economics. Historical cases of postwar reconstruction and transition efforts provide evidence for our claim.
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Peter J Boettke, Daniel J. Smith and Nicholas A. Snow

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Peter J. Boettke and Peter T. Leeson

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Peter J. Boettke and Peter T. Leeson

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Peter J. Boettke and Peter T. Leeson

This research review covers the main theories and justifications for and against state intervention as they have developed over two centuries. It also incorporates an institutional approach to the role of the state in enforcing 'the rules of the game' of the economy as well as examining specific issues including market failure, rent-seeking and regulation.
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Peter J. Boettke and Peter T. Leeson

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Peter J. Boettke and William J. Luther

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Peter J. Boettke and Christopher J. Coyne

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Peter J. Boettke and Christopher J. Coyne