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The Cost of Institutions: Information and Freedom in Expanding Economies

The Cost of Institutions: Information and Freedom in Expanding Economies

Hardcover

EconomicsGeneral Political Science

ISBN10: 1403979693
ISBN13: 9781403979698
Publisher: Springer Nature
Published: Apr 9 2008
Pages: 198
Weight: 0.78
Height: 0.71 Width: 5.85 Depth: 8.51
Language: English
Contesting prior assumptions that institutions simplify the world for the sake of efficiency, this book argues that rather than institution expansion indicating the movement of markets to optimal states, expanding institutions generate information costs.

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