English, Article edition: APPLYING NORTH'S LAWS OF MOTION TO THE EDGE OF THE WEST Saad Azmat

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Bookmark: http://trove.nla.gov.au/version/107995
Physical Description
  • article
Language
  • English

Edition details

Title
  • APPLYING NORTH'S LAWS OF MOTION TO THE EDGE OF THE WEST
Author
  • Saad Azmat
Physical Description
  • article
Notes
  • This paper uses Douglass North's theories of institutional economics to explain progress in Muslim Spain. It argues that it was efficient economic institutions in the guise of a free-market economy where the property rights of different strata of society were well protected, which ensured lasting prosperity. This paper postulates that while a population explosion could have been responsible for the initial growth in Spain, it was an efficient formal-informal institutional matrix that ensured a high level of long-term growth. Copyright (c) 2009 The Author. Journal compilation (c) Institute of Economic Affairs 2009. Published by Blackwell Publishing, Oxford.
  • RePEc:bla:ecaffa:v:29:y:2009:i:2:p:4-9
Language
  • English
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