Why Nations Fail:
 Theory is Tidy, History is Messy

Acemoglu and Robinson argue that sustained growth is almost always attained in a particular way: inclusive political institutions develop first, followed by inclusive economic institutions, followed by growth. They recognize the boldness of their claim…

Democracy’s Dilemma

There is more to democratic government than simply the right to vote. The temptation to exercise power in ways that advance self-interests at the expense of national interests must be controlled…

Property and Property Rights: A History

What do property and property rights mean today? What are their philosophical and economic foundations?

Chinese Politics in the Time of Deng Xiaoping

The era in which Deng Xiaoping restructured the Chinese economy was also an era of social unrest, both within China and in the Eastern Bloc…

The Chinese Economy after Mao

After the death of Mao, China introduced new economic policies that caused very rapid growth of per capita GDP…