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The politics of property rights : political instability, credible commitments, and economic growth in Mexico, 1876-1929

Author: Stephen H Haber; Noel Maurer; Armando Razo
Publisher: Cambridge ; New York : Cambridge University Press, 2003.
Series: Political economy of institutions and decisions.
Edition/Format:   Print book : EnglishView all editions and formats
Summary:
"This book addresses a puzzle in political economy: why is it that political instability does not necessarily translate into economic stagnation or collapse? In order to address this puzzle this book advances a theory about property rights systems in many less developed countries. In our theory, governments do not have to enforce property rights as a public good. Instead, they may enforce property rights selectively  Read more...
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Genre/Form: History
Material Type: Internet resource
Document Type: Book, Internet Resource
All Authors / Contributors: Stephen H Haber; Noel Maurer; Armando Razo
ISBN: 0521820677 9780521820677 0521603544 9780521603546
OCLC Number: 50410220
Description: xv, 382 pages ; 24 cm.
Contents: Introduction --
Theory: instability, credible commitments, and growth --
VPI coalitions in historical perspective: Mexico's turbulent politics, 1876-1929 --
Finance --
Industry --
Petroleum --
Mining --
Agriculture --
Conclusion.
Series Title: Political economy of institutions and decisions.
Responsibility: Stephen Haber, Noel Maurer, Armando Razo.
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Abstract:

This book explains why political instability is not necessarily correlated with economic stagnation.  Read more...

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"An impressive volume wih useful and clever statistical measurements of the performance of various parts of the economy, and it certainly is valuable addition to the economic history of Mexico." Read more...

 
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    schema:reviewBody ""This book addresses a puzzle in political economy: why is it that political instability does not necessarily translate into economic stagnation or collapse? In order to address this puzzle this book advances a theory about property rights systems in many less developed countries. In our theory, governments do not have to enforce property rights as a public good. Instead, they may enforce property rights selectively (as a private good) and share the resulting rents with the group of asset holders who are integrated into the government. We then use the theory to explore how systems such as this operate in an empirical manner. We focus on Mexico, from 1876 to 1929. We explain how the property rights system was constructed during the Porfirio Diaz dictatorship (1876-1911) and then explore how this property rights system either survived or was reconstructed during the long period of political instability that followed, 1911-1929. The result is a book that offers, on the one hand, an analytic economic history of Mexico under both stability and instability and a generalizable framework about the interaction of political and economic institutions."--Jacket." ;
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