Is This Time Different? Capture and Anti-Capture of US Politics
Name
Acemoglu-2012-Is this time differe.pdf
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336.49 KB
Format
Adobe PDF
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80123727b57282d2ace4929685bc12fc
Author(s)
Acemoglu, Daron
Robinson, James A.
Date Issued
March 2012
Journal
The Economists' Voice
Publisher
Walter de Gruyter
Citation
Acemoglu, Daron, and James A. Robinson. “Is This Time Different? Capture and Anti-Capture of US Politics.” The Economists Voice 9, no. 3 (January 27, 2012). © De Gruyter
Version
Final published version
Abstract
Societies are molded by their institutions that determine both their levels of prosperity and how that prosperity is distributed within society. For most of its history the U.S. has had economic institutions which have been comparatively inclusive in the sense that economic opportunities have been open to most, the playing field has been level, and property rights have been secure. The inclusiveness of economic institutions has meant that the U.S. has been fully able to harness the talent of its citizens who have consequently experienced high rates of social mobility.
MIT Department
Massachusetts Institute of Technology. Department of Economics
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Article is made available in accordance with the publisher's policy and may be subject to US copyright law. Please refer to the publisher's site for terms of use.
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DOI of Published Version
https://doi.org/10.1515/1553-3832.1902
