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Why Nations Fail: The Origins of Power, Prosperity, and Poverty by
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Arif Woozeer
is 59% done
feels like a crash course in developmental economics thus far
— 3 hours, 16 min ago
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Milovesme
is on page 151 of 529
1. More evidences showing extractive institutions being temporarily effective across era and nations (USSR, Kongo, Natufian, Maya).
2. It would become a vicious cycle where extractive people would try to gain control and continue till nothing was left any longer.
3. Yet in the end it was destructive for the nations in the long run coz productivity was stagnant as there's no proper incentives for people to work hard.
— 13 hours, 19 min ago
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2. It would become a vicious cycle where extractive people would try to gain control and continue till nothing was left any longer.
3. Yet in the end it was destructive for the nations in the long run coz productivity was stagnant as there's no proper incentives for people to work hard.
Daniel
is on page 124 of 529
Finished all of the intro now! Beginning to get into the meat and potatoes of this nobel prize-winning theory!
— 19 hours, 13 min ago
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