Instituciones y subdesarrollo: a vueltas con la divergencia

  • Fernando López Castellano Universidad de Granada
Keywords: institutions, underdevelopment, divergence, Islamic Law, institutional stagnation

Abstract

This article provides an updated overview of Neo-institutionalist contributions on the European economic miracle and the great divergence between Western Europe and others regions of the world. Furthermore, new historiographic arguments, challenging the assumption of the outstanding performance of European economies in the Pre-industrial Revolution and insisting on the abrupt and belated character of its divergence, are collected. In order to enrich the debate on the European divergence, the article gathers the most representative of the Historical and Comparative Institutional Analysis accounts on the uneven economic development in Western Europe and the Middle East. The article concludes with a brief reflection on the virtuality of this debate to explain the causes of development and underdevelopment.

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How to Cite
López Castellano F. (2016). Instituciones y subdesarrollo: a vueltas con la divergencia. Iberian Journal of the History of Economic Thought, 3(2), 106-125. https://doi.org/10.5209/IJHE.54620
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