Title The politics of property rights : political instability, credible commitments, and economic growth in Mexico, 1876-1929 / Stephen Huber, Noel Maurer, Armando Razo

Published Cambridge ; New York : Cambridge University Press, 2003

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Description 1 online resource (xv, 382 pages) Series Political economy of institutions and decisions Political economy of institutions and decisions. Contents Introduction -- Theory: instability, credible commitments, and growth -- VPI coalitions in historical perspective: Mexico's turbulent politics, 1876-1929 -- Finance -- Industry -- Petroleum -- Mining -- Agriculture -- Conclusion Summary This book addresses a puzzle in political economy: why is it that political instability does not necessarily translate into economic stagnation or collapse? In order to address this puzzle, it advances a theory about property rights systems in many less developed countries. In this theory, governments do not have to enforce property rights as a public good. Instead, they may enforce property rights selectively (as a private good), and share the resulting rents with the group of asset holders who are integrated into the government. Focusing on Mexico, this book explains how the property rights system was constructed during the Porfirio Díaz dictatorship (1876-1911) and then explores how this property rights system either survived, or was reconstructed. The result is an analytic economic history of Mexico under both stability and instability, and a generalizable framework about the interaction of political and economic institutions Analysis México Economía política Derecho de propiedad México Historia México Política y gobierno Siglo XIX México Política y gobierno Siglo XX Bibliography Includes bibliographical references and index Notes Print version record Subject Right of property -- Mexico -- History POLITICAL SCIENCE -- Public Policy -- General. Economic policy Politics and government Right of property SUBJECT Mexico -- Economic policy. http://id.loc.gov/authorities/subjects/sh85084557 Mexico -- Politics and government -- 19th century. http://id.loc.gov/authorities/subjects/sh85084606 Mexico -- Politics and government -- 20th century. http://id.loc.gov/authorities/subjects/sh85084612 Subject Mexico Genre/Form History Form Electronic book Author Maurer, Noel Razo, Armando, 1971- ISBN 0511061773 9780511061776 9780511615610 0511615612 9780521820677 0521820677 9780511070235 0511070233 9786610430796 6610430799 9780521603546 0521603544

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