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Cambridge Journal of Economics Advance Access originally published online on November 28, 2007
Cambridge Journal of Economics 2008 32(3):513-525; doi:10.1093/cje/bem050
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© The Author 2007. Published by Oxford University Press on behalf of the Cambridge Political Economy Society. All rights reserved.

Exploring Utopia (Limited) with a Companion

John Toye*

* University of Oxford

Address for correspondence: Department of Economics, Manor Road Building, Manor Road, Oxford OX1 3UQ, UK

For economic development, the central importance of commercial law, private enterprise and public infrastructure are undeniable. Yet trying to transplant such in situations when they are foreign can add political turmoil to economic stagnation. Drawing on The Elgar Companion to Development Studies (2006), this dilemma is explored with implications for the appropriate definition of ‘institutions’; the meaning of property rights and the mechanisms of conflict resolution.

Key Words: Economic development • institutions • property rights

JEL classifications:

Manuscript received June 6, 2007; final version received September 19, 2007.


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