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Economics Nobel, A View From The East: Revenge Of The State

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Post date October 16, 2024

Counting votes from an Electronic Voting Machine (EVM) at a polling counting centre in Srinagar, India on Oct. 8, 2024, during regional elections Saqib Majeed/SOPA Images via ZUMA

Honoring the research of Daron Acemoglu, Simon Johnson and James Robinson marks a comeback for the importance of public institutions in economics.

Tags colonialism, daron acemoglu, economic development, economics, extractive institutions, inclusive institutions, institutions, james robinson, nobel prize, political power, property rights, shock therapy, simon johnson, the great divergence, washington consensus

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