Lavoie Essay contest results

I'm pleased to announce that Claudia Williamson and I have won the Don Lavoie essay contest this year.

Claudia is doing fascinating work on the empirical differences between formal and informal institutions and their influences upon economic growth and development through the development of secure private property rights. To make a long story short she concludes that informal cultural norms are more influential on the security of private property rights rather than formal codifications of private property.

Congrats to Claudia and thank you to all of the judges.