
The Science and Art of Economics with Peter Boettke & Rosolino Candela, Pt. 2
Hayek Program Podcast
00:00
The Kingdom of the Two Sicilies
Since 18 71, we have seen a large gap in the political and economic performance of sicily. This evolution towards democracy and the rule of law was stifled by rights arrangements. Informal property rights arrangements which had been respected by peasants were stamped out through land reform. But it also explains,. as the work of diego gambetta illustrates, the origins of the sicilian mafia. Because what they first did was to establish an extra legal they were entrapeners - filling a void in enforcing property rights where the government could not.
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