The Institutions of Economic Growth : A Theory of Conflict Management in Developing Countries

Nations undergoing rapid economic growth require new institutions—both formal organizations and informal modes of interpersonal behavior. John Powelson develops a theory of institution-building to explain how nations choose such institutions, what kinds they prefer and why, and in what ways the institutions' effectiveness (essentially, their conflict-resolving capacity) may be measured. Originally published in 1972. The **Princeton Legacy Library** uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905. Nations undergoing rapid economic growth require new institutions--both formal organizations and informal modes of interpersonal behavior. John Powelson develops a theory of institution-building to explain how nations choose such institutions, what kinds they prefer and why, and in what ways the institutions' effectiveness (essentially, their conflict-resolving capacity) may be measured. Originally published in 1972. The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These paperback editions preserve the original texts of these important books while presenting them in durable paperback editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905 Cover Contents Preface Part I. A Theory of Institutions 1. Introduction and Summary 2. Conflict 3. The Consensus Society: Definitions and Problems of Measurement Appendix. The Institutional Effectiveness of the Program of Rural Credit in Nicaragua 4. A Micro-Theory of Institution-Building 5. A Macro-Theory of Institution-Building Part II. Implications of the Theory 6. The Effectiveness of Economic Planning 7. Toward a Social-Science Model of Economic Growth 8. The Landing Appendix A Postscript on United States Policy Toward Latin America Index