June 1, 2005

Self-Enforcing Arrangements in African Political Economy

  • Peter Leeson

    Senior Fellow, F. A. Hayek Program for Advanced Study in Philosophy, Politics, and Economics
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Self-enforcing arrangements are crucial to the study of African political economy. The weakness of formal governance in much of Africa makes understanding informal institutions of cooperation particularly important. I consider the application of self-enforcing arrangements, like those described by the Ostroms, to the problems of violence and social heterogeneity that plague Africa.

Read the article at Science Direct.