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Copyright of Revista de Economía Institucional is the property of Universidad Externado de Colombia and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Revista de Economía Institucional is the property of Universidad Externado de Colombia and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Revista de Economía Institucional is the property of Universidad Externado de Colombia and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

This paper analyzed some of the reasons why Britain participated only half-way in the European Union and ended up voting for Bremen on 23 June 2016. It also examines the options open to the European Union and Great Britain. Europe must show that it can work by showing results. In Britain it is necessary to break the established molds of thought and reshape the structure of political parties. [ABSTRACT FROM AUTHOR]

This article analyzes the non compliance of the law in Latin America, particularly in Colombia. The core of the paper is the contrast between two different approaches: the strategic vision which argues that this failure is a consequence of the lack of institutional capacity to impose effective penalties; and the rebellion vision, which explains the failure as an expression of values or ideologies. The article examines the doctrinal roots related with the strategic vision --the social capital theories, studies in Law and economics and the new institutionalism-- their reception in our environment and their application in the context of the judicial reform. This critical examination highlights the analytical differences between these two visions and their implications in the justice system and the social law: even though both visions are partial, each one of them is partly true. Compliance of law can not be achieved only by imposing sanctions and incentives, or by promoting a unilateral favorable attitude for compliance of the law. Rational behavior must also be complemented by the perception of the legitimacy of the institutions. Market and the democracy are both equally essential for the existence of a Rule of law. [ABSTRACT FROM AUTHOR]

Copyright of Revista de Economía Institucional is the property of Universidad Externado de Colombia and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Se presenta un trabajo que examina la manera en que se asignan los recursos en una economía de mercado. Se analizan dos de las teorías que defienden las virtudes del mecanismo de asignación de recursos: la teoría walrasiana y la teoría austro-liberal. La walrasiana se refiere como "Paretiana" por su relevancia a las teorías de Vilfredo Pareto. Se miran las interpretaciones del funcionamiento del mercado y del concepto de eficiencia de ambas. Se habla del liberalismo, que se divide en dos familias: "no igualitaria" y "clásica."

Copyright of Revista de Economía Institucional is the property of Universidad Externado de Colombia and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Revista de Economía Institucional is the property of Universidad Externado de Colombia and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)