Mommy, Where Does Money Come From?
Why Nations Fail: FROM THE WINNERS OF THE NOBEL PRIZE IN ECONOMICS: The Origins of Power, Prosperity and Poverty
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People worry about culture because they know it sets the agenda for the future.
And who wouldn’t want to be in charge of that?
Wall Street and the City held the crown through economic dominance, regulatory capture, and cultural philanthropy. They faltered in 2008 and never regained their pre-crisis legitimacy. The presumptive heir to the throne,
... See moreThese authors and the literature that followed them tended to find that things like robust property rights for individuals and governments with clear restraints on executive power, democratic political processes and a lack of government corruption were all associated with economic growth.