Democracy, Institutional Changes and Economic Development: The Case of Ancient Athens

Kyriazis, Nicholas; Karayiannis, Anastassios D.

doi:10.1016/j.jeca.2011.01.003

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The Qualities and Workings Of Direct Democracy1

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Cited by 8 publications

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“…These institutional changes are functions of, or linked to, the new set of policies that is put in force. In this continuous process, rigid path dependence and institutional lock-in (associated with declining efficiency) can also be broken (as a result of public discourse and the enhanced knowledgebase/ expertise of both the individual and the community) setting the conditions for economic growth and the prosperity of the polis (Kyriazis and Zouboulakis 2004;Kyriazis 2007;Kyriazis and Karayiannis 2011). Scholars who have explored these issues in classical Greece have highlighted the important role played towards this end by institutional changes that lowered transaction costs and delivered secure and credible (on the part of the state) property rights (see Cohen 1992;Morris 2004;Ober 2008aOber , 2010Lyttkens 2010;Karayiannis and Hatzis 2012).…”

Section: The Qualities and Workings Of Direct Democracymentioning

confidence: 99%