1 Introduction -- 2 The Meaning of the First Decade of Soviet Socialism -- 3 The Political Economy of Utopia: Communism in Soviet Russia, 1918–1921 -- 4 The Political Economy of NEP: Market Relations and Interventionism in Soviet Russia, 1921–1928 -- 5 The Political Economy of Development...

The purpose of this chapter is to re-examine the conventional wisdom regarding the impact of increased levels of secure property rights on the level of income per capita across the world. Rather than focus on increasing the level of security for property rights, economic development involves...

This chapter argues that economic development originates not from the gains from trade and specialization under a division of labor, but fundamentally from an institutional framework of property rights which permits the gains from trade and innovation emerge on a societal wide scale. It is this...