Prosperity and Politics
MIT economist Daron Acemoglu and Harvard political scientist and economist James A. Robinson have written a book, Why Nations Fail, that doesn’t have a single equation in it. This is a remarkable feat for a 529-page book with five Nobel Laureate endorsements inside the front cover. There is nothing wrong with equations and regressions, but, when economists reduce the world to a model, it means that they are abstracting from some of the very real messiness of the economy, messiness that may actually be important. So, it is exciting to see new economic scholarship that is both accessible to the public and does not require understanding mathematical models.
Read more here.
This article was originally published in Dissent.
To speak with our experts on this topic, please contact:
Print: Liz Bartolomeo (poverty, health care)
202.481.8151 or firstname.lastname@example.org
Print: Tom Caiazza (foreign policy, energy and environment, LGBT issues, gun-violence prevention)
202.481.7141 or email@example.com
Print: Allison Preiss (economy, education)
202.478.6331 or firstname.lastname@example.org
Print: Tanya Arditi (immigration, Progress 2050, race issues, demographics, criminal justice, Legal Progress)
202.741.6258 or email@example.com
Print: Chelsea Kiene (women's issues, TalkPoverty.org, faith)
202.478.5328 or firstname.lastname@example.org
Print: Beatriz Lopez (Center for American Progress Action Fund)
202.741.6255 or email@example.com
Spanish-language and ethnic media: Rafael Medina
202.478.5313 or firstname.lastname@example.org
TV: Rachel Rosen
202.483.2675 or email@example.com
Radio: Sally Tucker
202.481.8103 or firstname.lastname@example.org