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دسته بندی:
مدیریت بازرگانی - Business Management
سال انتشار:
2016
عنوان انگلیسی مقاله:
How Rome enabled impersonal markets
ترجمه فارسی عنوان مقاله:
چگونه رم بازارهای غیر شخصی را فعال کرده است
منبع:
Sciencedirect - Elsevier - Explorations in Economic History (2016)
نویسنده:
Benito Arruñada
چکیده انگلیسی:
Impersonal exchange increases trade and specialization opportunities, encouraging economic growth. However, it requires the support
of sophisticated public institutions. This paper explains how Classical Rome provided such support in the main areas of economic activity
by relying on public possession as a titling device, enacting rules to protect innocent acquirers in agency contexts, enabling the extended
family to act as a contractual entity, and diluting the enforcement of personal obligations which might collide with impersonal exchange.
Focusing on the institutions of impersonal exchange, it reaches a clear positive conclusion on the market-facilitating role of the Roman
state because such institutions have unambiguously positive effects on markets. Moreover, being impersonal, these beneficial effects are
also widely distributed across society instead of accruing disproportionately to better-connected individuals.
Keywords: Property rights | Enforcement | Transaction costs | Roman law | Impersonal exchange | Personal exchange | New institutional economics | Law and economics
قیمت: رایگان
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