Congratulations 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 ... See more
Mariana Mazzucatox.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 models. Truly inclusive and sustainable institutions should be embedded in local realities, learning from the full array of conditions necessary for development.
The nuance and inherent humility of the social sciences—the realization that development has to do with people, with human and social complexity, with cultural and traditional realities, and their willingness to struggle with the messy and multifaceted aspects of a problem—have no cachet in this metrics-driven, efficiency-seeking, technology-focuse
... See moreAnand Giridharadas • Winners Take All: The Elite Charade of Changing the World
At this weekend's technological roadmapping conference, I asked ~30 leaders what new institutions they thought would have incredibly beneficial counterfactual impact.
These are the institutions they designed:
(Anonymous as per Chatham House Rules, DM me to contact them)
Jeremy Nixonx.com
Why is development economics stuck in "good institutions" trap?
Because of normative bias - assuming that good institutions must look like Idealized Britain
A necessary way out is "using what you have." In other words: indigenous innovation. 🌞
🔗https://t.co/nAxdtV3yYt