"The greatest virtue of this book is the frontal assault it launches against the 'legal origins' view of financial developmentthe view that traces a country's current financial situation back to its history, especially its history as a colony. Political Institutions and Financial Development should drive a stake through its heart and move scholars on to more fruitful areas of research." Philip T. Hoffman, California Institute of Technology
About the Author
Stephen Haber is A.A. and Jeanne Welch Milligan Professor in the School of Humanities at Stanford University and a Senior Fellow of the Hoover Institution. He is the author of How Latin America Fell Behind: Essays on the Economic Histories of Brazil and Mexico, 1800-1914; Industry and Underdevelopment: The Industrialization of Mexico, 1890-1940; and The Politics of Property Rights: Political Instability, Credible Commitments, and Economic Growth in Mexico, 1876-1929 (with Armando Razo and Noel Maurer). Douglass C. North is a pioneering economic historian and the co-recipient of the Nobel Prize in Economics (1993). A Professor of Economics at Washington University and a Senior Fellow of the Hoover Institution, he is the author of Institutions, Institutional Change and Economic Performance and Understanding the Process of Economic Change. Barry R. Weingast is the Ward C. Krebs Professor of Political Science at Stanford University and a Senior Fellow of the Hoover Institution as well as a member of the American Academy of Arts and Sciences. He is the author of Positive Theories of Congressional Institutions (with Kenneth A. Shepsle); Preferences and Situations: Points of Contact between Historical and Rational Choice Institutionalisms (with Ira Katznelson); and The Handbook Political Economy (with Donald Wittman).