Rule of Law

D1108BB1

If you don’t have anything else to do these days, read the Economist briefing: Economics and the rule of law – Order in the jungle.

In my younger days I spend a lot of time reading about the intersection of Law and Economics. I actually lectured as an associaite professor an the topic for four semesters at the Copnhagen University Law School.

The Economist briefing gives an excellent exposition of the (attempt to say something scientific about) the rule that the law plays for economic growth and success of different countries. There are interesting distinctions between the “thin” rule of law theory which emphasizes property right and stable legal instutions and “thick” rule of law that add the whole gamut of civil liberties and human rights.

Technorati Tags:
, ,