Science and Society in China and the Islamic World

Science must be integrated into the fabric of society — institutionalized — if it is to succeed over the longer term. Science was successfully institutionalized in Europe during the twelfth century. China and the Islamic world were at different times the world leader in science, but neither society institutionalized it, and science eventually faltered in both societies…

Why Nations Fail: 
Extractive and Inclusive Institutions

Acemoglu and Robinson’s goal is to explain why some nations are rich and others are poor. They present a theory based on the interaction between political and economic institutions. Casual empiricism suggests that its explanatory power is quite strong…