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…
Tag: democracy
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…
Merchants and Mechanics 