This essential research review carefully analyses some of the most influential papers focusing on the relationship between economic and political institutions and economic development. Economic institutions shape economic incentives, such the incentives to become educated, to save and invest, to innovate and to adopt new technologies. Although economic institutions are critical for determining whether a country is poor or prosperous, it is politics and political institutions that determine which economic institutions are present in a country. This review explores these critical relationships and the causes of economic growth, whilst bringing forth the legal, colonial and financial factors, which contribute to economic discrepancies across countries. The text will be a valuable tool for economic researchers and scholars interested in this important subject.
Andrew W. Lo and Ruixun Zhang
This research review discusses and analyses a unique collection of key publications at the intersection of biology and economics, two disciplines that share a common subject: Homo sapiens. Beginning with Thomas Malthus whose dire predictions of mass starvation due to population growth influenced Charles Darwin economists have routinely used biological arguments in their models and methods. The review summarizes the most important of these developments in areas such as sociobiology, evolutionary psychology, behavioral ecology, behavioral economics and finance, neuroeconomics, and behavioral genomics. This research review will be an indispensable tool for economists, biologists, and practitioners looking to develop a deeper understanding of the limits of Homo economicus.
Paul Oslington, Paul S. Williams and Mary Hirschfeld
The interdisciplinary field of economics and religion has come a long way since 2003 when Edward Elgar published the pioneering volume Economics and Religion. The influence of religious ideas on the birth of economics as a discipline and its rise to cultural dominance is now widely recognized. The largely Protestant discussion has been enriched by Roman Catholic contributions stimulated by recent Papal Encyclicals. The economics of religion has now matured into a respectable subfield of economics and articles on religion regularly appear in top economics journals. This original and insightful research review places the most recent contributions in context and will be an invaluable resource for scholars and academics alike.