Under-appreciated fact: today’s Nobel is, in large part, given for formally introducing class struggle into mainstream theory and empirics of economic growth and political development.
Their models of democratization and much of their historical analysis is effectively an argument that in some places, historical circum... See more
Chris Blattmanx.comUnder-appreciated fact: today’s Nobel is, in large part, given for formally introducing class struggle into mainstream theory and empirics of economic growth and political development. Their models of democratization and much of their historical analysis is effectively an argument that in some places, historical circumstances drove bargaining power into the hands of merchants and other non elites, and this sometimes created virtuous cycles of democratization and development.
deep research the kind of product that quietly rewires entire industries overnight. analysts, researchers, consultants—suddenly a lot of them are either redundant or scrambling to redefine their value. if something like this can be democratized for $200/month, the current knowledge work hierarchy collapses.
if anyone ca... See more
signüllx.comMany people mistakenly think that the main battles in society are between the haves and the have-nots. But what’s really happening is that the haves are trying to seize money, resources, and status from the have-mores—and they disguise this motive as concern for the have-nots.
You even saw this recently in New York, whe... See more
Rob Hendersonx.comCongratulations to @DAcemogluMIT, @baselinescene & James Robinson on their @NobelPrize in Economic Sciences. While their work on institutions is important, it's crucial to remember that development is complex.
As @yuenyuenang, @mushtaqkhan100 & Ha-Joon Chang argue, effective institutions must be context-specific, not just replicas of Western... See more
As @yuenyuenang, @mushtaqkhan100 & Ha-Joon Chang argue, effective institutions must be context-specific, not just replicas of Western... See more