HUKUK, SİYASET VE UZUN DÖNEMLİ İKTİSADİ GELİŞME

This article reviews the works in the New Institutional Economics Literature that investigate the impact of law and politics on long term economic development. The importance of this literature lies in its innovative use of mathematical modeling and empirical analysis to investigate social mechanisms that until recently mainstream economics had stayed away from. The review of the literature highlights the promise of this approach to provide a unified, comprehensive and flexible theoretical framework to study development and more generally the interactions between different social processes. The article also summarizes the debates in the literature regarding the roles of law and politics in the development process