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dc.contributor.authorAcemoglu, K. Daron
dc.contributor.authorRobinson, James A.
dc.date.accessioned2020-12-09T22:26:52Z
dc.date.available2020-12-09T22:26:52Z
dc.date.issued2019-03
dc.date.submitted2018-06
dc.identifier.issn1573-7101
dc.identifier.urihttps://hdl.handle.net/1721.1/128767
dc.description.abstractWe present the approach to comparative economic development of Why Nations Fail. Economic prosperity requires inclusive economic institutions—those which create broad based incentives and opportunities in society. Extractive economic institutions, which lack these properties, create poverty. Variation in economic institutions is created by differences in political institutions. Inclusive economic institutions are the result of political choices which arise under inclusive political institutions: a strong state and a broad distribution of power in society. When either of these conditions fails one has extractive political institutions that lead to extractive economic institutions. We relate our analysis to Tullock’s notion of ‘rent seeking’. ©2019, Springer Science+Business Media, LLC, part of Springer Nature.en_US
dc.language.isoen
dc.publisherSpringer Science and Business Media LLCen_US
dc.relation.isversionofhttps://dx.doi.org/10.1007/S11127-019-00645-Zen_US
dc.rightsCreative Commons Attribution-Noncommercial-Share Alikeen_US
dc.rights.urihttp://creativecommons.org/licenses/by-nc-sa/4.0/en_US
dc.sourceother univ websiteen_US
dc.titleRents and economic development: the perspective of Why Nations Failen_US
dc.typeArticleen_US
dc.identifier.citationAcemoglu, Daron and James A. Robinson, "Rents and economic development: the perspective of Why Nations Fail." Public Choice 181, 1/2 (October 2019): 13–28 doi. 10.1007/s11127-019-00645-z ©2019 Authorsen_US
dc.contributor.departmentMassachusetts Institute of Technology. Department of Economicsen_US
dc.relation.journalPublic Choiceen_US
dc.eprint.versionAuthor's final manuscripten_US
dc.type.urihttp://purl.org/eprint/type/JournalArticleen_US
eprint.statushttp://purl.org/eprint/status/PeerRevieweden_US
dc.date.updated2019-10-18T16:25:15Z
dspace.date.submission2019-10-18T16:25:21Z
mit.journal.volume181en_US
mit.journal.issue1/2en_US


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