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      A Transaction Cost Theory of Politics

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      Journal: Journal of Theoretical Politics
      Publisher: SAGE Publications

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          Constitutions and Commitment: The Evolution of Institutions Governing Public Choice in Seventeenth-Century England

          Douglass North, Barry Weingast (1989)
          The article studies the evolution of the constitutional arrangements in seventeenth-century England following the Glorious Revolution of 1688. It focuses on the relationship between institutions and the behavior of the government and interprets the institutional changes on the basis of the goals of the winners—secure property rights, protection of their wealth, and the elimination of confiscatory government. We argue that the new institutions allowed the government to commit credibly to upholding property rights. Their success was remarkable, as the evidence from capital markets shows.
          Article 0 comments Cited 483 times – based on 0 reviews     Review now
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            The Industrial Organization of Congress; or, Why Legislatures, Like Firms, Are Not Organized as Markets

            Barry Weingast, William Marshall (1988)
            Article 0 comments Cited 161 times – based on 0 reviews     Review now
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              Why Democracies Produce Efficient Results

              Donald Wittman (1989)
              Article 0 comments Cited 94 times – based on 0 reviews     Review now
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                Author and article information

                Journal
                Title: Journal of Theoretical Politics
                Abbreviated Title: Journal of Theoretical Politics
                Publisher: SAGE Publications
                ISSN (Print): 0951-6298
                ISSN (Electronic): 1460-3667
                Publication date Created: October 1990
                Publication date (Print): October 1990
                Volume: 2
                Issue: 4
                Pages: 355-367
                Article
                DOI: 10.1177/0951692890002004001
                SO-VID: feaca0a7-3e4f-4914-ba9f-7ae7038b7cc1
                Copyright © © 1990
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