Recently, a growing body of work on "law and finance" and "legal origins" has highlighted the role of formal legal institutions in shaping financial institution

Combining theoretical work with careful historical description and analysis of new data sources, History Matters makes a strong case for a more historical appro

The conditions for sustainable growth and development are among the most debated topics in economics, and the consensus is that institutions matter greatly in e

We study the long-term impact of climate change on economic activity across countries, using a stochastic growth model where labor productivity is affected by c

This book challenges the static, ahistorical models on which Economics continues to rely. These models presume that markets operate on a "frictionless" plane wh