Este trabajo tiene por proposito ayudar a dilucidar los factores explicativos de la pobre "performance" argentina tanto en lo economico como en su funcionamiento social mas general. Se argumenta que la clave esta en los aspectos institucionales. En particular, la interaccion entre determinadas...

This paper develops the empirical and theoretical case that differences in economic institutions are the fundamental cause of differences in economic development. We first document the empirical importance of institutions by focusing on two 'quasi-natural experiments' in history, the division of...

Do societies choose inefficient policies and institutions, in contrast to what would be suggested by a reasoning extending the Coase Theorem to politics? Do societies choose inefficient policies and institutions because of differences in the beliefs and ideologies of their peoples or leaders? Or...