Daron Acemoglu and James Robinson are now blogging

Really, find them here!  They promise me there will be plenty to come and soon.  The blog is related to their very good forthcoming book Why Nations Fail.  It is no exaggeration to place their work at the very very top of “institutional economics” in today’s profession.  They are now in my RSS feed.


Hey Tyler, where did you get the RSS again. As always thanks!

Atom feed: http://whynationsfail.com/blog/atom.xml

RSS feed: http://whynationsfail.com/blog/rss.xml

Thank you very much Martin!

It's called socialism.

I hope they aren't too wordy. Too many economists try to write a paper for every post.

You need a bit of zip to make your blog posts sing.

It is too wordy.

Looks like another book on the mystery of social capital? I'll have to pick that up.

I think looking back, this will have been the great question of the first half of the 21st century: how do we build social capital in societies that don't have it?


That seems to be the answer.

nope. homogeneity. or a reasonable facsimile thereof.

Alas,"freedom" is a lot more complicated than people in rich Western democracies tend to realize. We tend to take the general absence of coercion for granted, but it's actually very difficult to get society to a point where the state primarily functions to ensure the absence of coercion, and does so with reasonable success.

Heck, we could be doing a lot better here, and we're near the top.

freedom in the congo is machete stampedes. freedom in switzerland is toblerone. so, no, freedom is not the answer.

social capital = high level of trust + average national IQ minimum in the high 90s + ethnic comity.

all three are currently being subverted by our current open borders immigration policy. well done, elite! hope your gated communities can withstand G forces in excess of private school tuitions.

Only one component of that equation is objectively measurable.

IQ is measurable and correlated with a great many life outcomes. It is also correlated with chronometric reaction tests that read brain impulses directly.

Robert Putnam measured trust and found it decreased with increasing diversity.

Ethnic comity... well, you know it when you feel it. Or you could just go to any high school or university cafeteria and observe all the diversity sticking to their own kind.

Tyler how many feeds do you have in your RSS reader?

.....everyone else?

I want to know for the sake of comparison. I have 99 subscriptions and am wondering if it is a bit too much, or just about average.
I think they are all interesting and useful in some way, but sometimes I do feel a bit swamped


A good aggregator like Google Reader would allow you to categorize subscriptions.

how do you mean?

That is way too much, do not exceed 20-25.

Acemoglu would be my pick for the World Bank head.

Or IMF head. The current guys only seem to recommend raising tax rates.

Are they arguing that the country is poor because the children get a poor education, or that they get a poor education because the country is poor?

Think institutions instead of policies.

It's almost as if they turned the entire concept of wealth creation on its head - the children picking cotton when they have a school: slave labor paying for the monetary requirements of social services instead of capital formation and efficiency of physical resource use? (alignment of land owners with schools? Perhaps as in you get a school if we don't have to buy farm equipment) What's wrong with allowing capital formation for monetary wealth along with services that don't require the sacrifice of human capital to maintain. Looks like I need to read the book.

What, the rulers should all be in an institution? Or Islam is unconducive to prosperity? Or 70 years of commie rule stinks?

Anyway, I'm not quite sure what you are getting at. Are you implying that policies don't matter? Aren't institutions important partly because of the policies that they impose? Can't different institutions impose similar policies and similar institutions different policies? Or is "institution" being used to mean something unfamiliar?

Acemoglu's reallocation of time may open up some space in top journals. Go for it.

I don't like blogs that don't allow readers to comment.
It's more like a marketing brochure for a book.

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