This paper develops a model where there is a trade-off between the enforcement of the property rights of different groups. An "oligarchic" society, where political power is in the hands of major producers, protects their property rights, but also tends to erect significant entry barriers, violating the property rights of future producers. Democracy, where political power is more widely diffused, imposes redistributive taxes on the producers, but tends to avoid entry barriers.
This paper presents an instituion - the COmmunity Responsibility System (CRS) - which constitutes a missing link in our understanding of market development. It highlights the importance of contract enforcement institutions combining reputational and legal mechanisms in the rise of modern markets. Throughout pre-modern Europe, the CRS provided the contract enforcement required for intercommunity impersonal exchange characterized by separation between the quid and the quo over time and space.
The conference, organized by the Taiwan Democracy Program of the Center on The conference, organized by the Taiwan Democracy Program of the Center on Democracy, Development, and the Rule of Law (CDDRL), will consider what Taiwan's democratic development may teach us about possible future democratic development in mainland China.
Odious debts are debts incurred by the government of a nation without either popular consent or a legitimate public purpose. While there is some debate within academic circles as to whether the successor government to a regime which incurred odious debts has the right to repudiate repayment, in the real world this is currently not an option granted legitimacy either by global capital markets or the legal systems of creditor states.
This piece analyzes the evolution of lawfare, what Jeremy Bentham called "an irregular system of warfare." Meierhenrich introduces lawfare as a conceptually and analytically distinct type of warfare, and a political strategy not previously theorized in any systematic fashion. In his conceptualization, lawfare is a revolutionary strategy for broadcasting power, by which he means a strategy aimed at the systematic and comprehensive overhaul of the foundations of politics and society.