Which Institutions Matter? Separating the Chaff from the Wheat

Journal of Institutional Economics, 7 (4), 2011

7 Pages Posted: 7 Jan 2016

See all articles by Arielle John

Arielle John

George Mason University - Department of Economics; George Mason University - Mercatus Center

Virgil Henry Storr

George Mason University - Department of Economics; George Mason University - Mercatus Center; University of Arizona Center for the Philosophy of Freedom

Date Written: February 8, 2011

Abstract

Abstract: Ha-Joon Chang (2011), in his article ‘Institutions and Economic Development: Theory, Policy and History’, argues that economists place too much faith in ‘liberalized’ institutions. Institutions matter for growth, he contends, but not the way institutional economists think they do. In this article, we offer a defense of the hypothesis that ‘institutions matter’ for economic growth and present several objections to Chang’s arguments.

Keywords: institutions, development, liberalized

Suggested Citation

John, Arielle and Storr, Virgil Henry, Which Institutions Matter? Separating the Chaff from the Wheat (February 8, 2011). Journal of Institutional Economics, 7 (4), 2011, Available at SSRN: https://ssrn.com/abstract=2350852

Arielle John

George Mason University - Department of Economics ( email )

4400 University Drive
Fairfax, VA 22030
United States

George Mason University - Mercatus Center ( email )

3434 Washington Blvd., 4th Floor
Arlington, VA 22201
United States

HOME PAGE: http://asp.mercatus.org/scholars/arielle-john

Virgil Henry Storr (Contact Author)

George Mason University - Department of Economics ( email )

4400 University Drive
Fairfax, VA 22030
United States

HOME PAGE: http://virgilstorr.org/

George Mason University - Mercatus Center ( email )

3434 Washington Blvd., 4th Floor
Arlington, VA 22201
United States

HOME PAGE: http://virgilstorr.org/

University of Arizona Center for the Philosophy of Freedom ( email )

Department of History
Tucson, AZ 85721
United States

HOME PAGE: http://virgilstorr.org/

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