Tag: Mao

Why Nations Fail: 
Extractive and Inclusive Institutions

Posted in economic institutions, facts of economic growth, political institutions, property rights, technological progress

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…

Chinese Politics in the Time of Deng Xiaoping

Posted in history of economic growth, political institutions, social institutions

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…