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Solomon's Knot: How Law Can End the Poverty of Nations (Electronic book text)
Solomon's Knot: How Law Can End the Poverty of Nations (Electronic book text): Robert D. Cooter, Hans-Bernd Fer

Solomon's Knot: How Law Can End the Poverty of Nations (Electronic book text)

Robert D. Cooter, Hans-Bernd Fer

Series: Kauffman Foundation Series on Innovation and Entrepreneurshi

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Sustained growth depends on innovation, whether it's cutting-edge software from Silicon Valley, an improved assembly line in Sichuan, or a new export market for Swaziland's leather. Developing a new idea requires money, which poses a problem of trust. The innovator must trust the investor with his idea and the investor must trust the innovator with her money. Robert Cooter and Hans-Bernd Schafer call this the "double trust dilemma of development." Nowhere is this problem more acute than in poorer nations, where the failure to solve it results in stagnant economies.

In "Solomon's Knot," Cooter and Schafer propose a legal theory of economic growth that details how effective property, contract, and business laws help to unite capital and ideas. They also demonstrate why ineffective private and business laws are the root cause of the poverty of nations in today's world. Without the legal institutions that allow innovation and entrepreneurship to thrive, other attempts to spur economic growth are destined to fail.

General

Imprint: Princeton University Press
Country of origin: United States
Series: Kauffman Foundation Series on Innovation and Entrepreneurshi
Release date: 2011
Authors: Robert D. Cooter • Hans-Bernd Fer
Format: Electronic book text
Pages: 343
ISBN-13: 978-1-283-63945-3
Categories: Books > Law
Books > Social sciences > Politics & government
Books > Business & Economics > Economics
Books > Business & Economics > Business & management
Books > Business & Economics > Industry & industrial studies
Books > Law > Laws of other jurisdictions & general law
Books > Law > Other areas of law
Books > Social sciences > Politics & government > International relations
Books > Business & Economics > Economics > Economic theory & philosophy
Books > Business & Economics > Economics > Development economics
Books > Business & Economics > Business & management > General
Books > Business & Economics > Industry & industrial studies > General
Books > Law > Laws of other jurisdictions & general law > Constitutional & administrative law
Books > Law > Laws of other jurisdictions & general law > Financial, taxation, commercial, industrial law
Books > Law > Other areas of law > Military law & courts martial
Books > Social sciences > Politics & government > International relations > General
Books > Law > Laws of other jurisdictions & general law > Constitutional & administrative law > General
Books > Law > Laws of other jurisdictions & general law > Financial, taxation, commercial, industrial law > Financial law
Books > Law > Laws of other jurisdictions & general law > Financial, taxation, commercial, industrial law > Financial law > General
Books > Business & Economics > Promotions
LSN: 1-283-63945-9
Barcode: 9781283639453

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