Rents and economic development: the perspective of Why Nations Fail

被引:48
作者
Acemoglu, Daron [1 ]
Robinson, James A. [2 ]
机构
[1] MIT, Dept Econ, E52-380,50 Mem Dr, Cambridge, MA 02142 USA
[2] Univ Chicago, Harris Sch Publ Policy, 1307 East 60th St, Chicago, IL 60637 USA
关键词
Rents; Institutions; Inclusive; Extractive; Politics; D72; D78; O00; O43; COSTS;
D O I
10.1007/s11127-019-00645-z
中图分类号
F [经济];
学科分类号
02 ;
摘要
We present the approach to comparative economic development of Why Nations Fail. Economic prosperity requires inclusive economic institutionsthose 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'.
引用
收藏
页码:13 / 28
页数:16
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