Foreword.(Property Rights and Economic Development) From: William and Mary Law Review | Date: February 1, 2004| Author: Kades, Eric A. | COPYRIGHT 2004 College of William and Mary, Marshall Wythe School of Law. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group.Copyright information

The macroeconomic problems facing nations have changed little over the last century. Undeveloped nations continue to look for tools to increase the growth rate of their economies. Developed nations, content with or perhaps resigned to modest long-term growth rates, focus more on business cycles, with their inevitable downturns (recessions and depressions). Law and economics scholarship, with a few minor exceptions, has little to offer business cycle theorists. (1) This is not surpr...