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A Not-so-dismal ScienceA Broader View of Economies and Societies$
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Mancur Olson and Satu Kähköhnen

Print publication date: 2000

Print ISBN-13: 9780198294900

Published to Oxford Scholarship Online: November 2003

DOI: 10.1093/0198294905.001.0001

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PRINTED FROM OXFORD SCHOLARSHIP ONLINE (www.oxfordscholarship.com). (c) Copyright Oxford University Press, 2019. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 13 November 2019

Law from Order: Economic Development and the Jurisprudence of Social Norms

Law from Order: Economic Development and the Jurisprudence of Social Norms

Chapter:
(p.228) 9 Law from Order: Economic Development and the Jurisprudence of Social Norms
Source:
A Not-so-dismal Science
Author(s):

Robert D. Cooter

Publisher:
Oxford University Press
DOI:10.1093/0198294905.003.0010

Considers how social norms affect the respective roles of private and public sectors. It is shown how private‐market interaction can sometimes give rise to social norms that are better than those that would arise through an initiative from a local government, so that the government at its best, sometimes codifies, strengthens, and enforces a social norm emerging from a private sector that shares in the task of enforcing this norm.

Keywords:   economic development, private sector, public sector, social norms

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