![]() ![]() "Far from being an anarchic free-for-all, the American West was a ferment of social innovation, a place where men and women strove to invent co-operative arrangements they could trust. Smith, George Mason University, 2002 Nobel Laureate in Economics Anderson and Hill have made visible an impressive array of examples from US frontier history." But they are invisible to all those who rely upon them to create wealth, and who may believe falsely that all such rules come from legislated law. "Emergent, self-ordering institutional arrangements and property right norms are commonplace. Hernando de Soto, President of the Institute for Liberty and Democracy It is not only an extraordinary insight into the genesis of America, but also the key to understanding better the Middle East, Central Asia, and all the Third World today." The history that Anderson and Hill depict is the current situation of the majority of entrepreneurs in developing and former Soviet countries. "Hollywood will never be able to top this portrayal of the history of the West in the U.S. ![]() ![]() The book concludes with a chapter that takes lessons from the American frontier and applies them to our modern "frontiers"-the environment, developing countries, and space exploration. This theory is brought to life in the colorful history of Indians, fur trappers, buffalo hunters, cattle drovers, homesteaders, and miners. ![]() Rules evolving at the local level will be more effective because local people have a greater stake in the outcome. The authors emphasize that ownership of resources evolves as those resources become more valuable or as establishing property rights becomes less costly. Rather than describing the frontier as a place where heroes met villains, this book argues that everyday people helped carve out legal institutions that tamed the West. In contrast, The Not So Wild, Wild West casts America's frontier history in a new framework that emphasizes the creation of institutions, both formal and informal, that facilitated cooperation rather than conflict. Mention of the American West usually evokes images of rough and tumble cowboys, ranchers, and outlaws. ![]()
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