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Can't We All Be More Like Scandinavians? Asymmetric Growth and Institutions in an Interdependent World

Acemoglu, Daron - 2012

"cutthroat capitalism" that generates greater inequality and more innovation and will become the technology leaders, while others … will free- ride on the cutthroat incentives of the leaders and choose a more "cuddly" form of capitalism. Paradoxically … equilibrium, it is not a best response for the cutthroat capitalists to switch to a more cuddly form of capitalism. We also show …

Persistent link: https://www.econbiz.de/10013099537

The Rise and Decline of General Laws of Capitalism

Acemoglu, Daron - 2014

, like Marx and Ricardo, in formulating general laws of capitalism to diagnose and predict the dynamics of inequality. We …

Persistent link: https://www.econbiz.de/10013039764

The Euro and European Economic Conditions

Feldstein, Martin S. - 2011

The creation of the euro should now be recognized as an experiment that has led to the sovereign debt crisis in several countries, the fragile condition of major European banks, the high levels of unemployment, and the large trade deficits that now exist in most Eurozone countries. Although the...

Persistent link: https://www.econbiz.de/10013118129

Emergence and Persistence of Inefficient States

Acemoglu, Daron - 2006

Inefficiencies in the bureaucratic organization of the state are often viewed as important factors in retarding economic development. Why certain societies choose or end up with such inefficient organizations has received very little attention, however. In this paper, we present a simple theory...

Persistent link: https://www.econbiz.de/10012778981

The 2006 Economic Report of the President : Comment on Chapter One (the Year in Review) and Chapter Six (the Capital Account Surplus)

Feldstein, Martin S. - 2021

This paper is an analytic comment on two chapters of the Economic Report of the President for 2006. Chapter One deals with the economy in 2005 and the outlook for the future. The chapter provides a detailed analysis of the expansion in 2005 but not an explanation of why the expansion occurred...

Persistent link: https://www.econbiz.de/10013235896

The Emergence of Weak, Despotic and Inclusive States

Acemoglu, Daron - 2017

Societies under similar geographic and economic conditions and subject to similar external influences nonetheless develop very different types of states. At one extreme are weak states with little capacity and ability to regulate economic or social relations. At the other are despotic states...

Persistent link: https://www.econbiz.de/10012950052

Social Structure and Development : A Legacy of the Holocaust in Russia

Acemoglu, Daron - 2010

We document a statistical association between the severity of the persecution and mass murder of Jews (the Holocaust) by the Nazis during World War II and long-run economic and political outcomes within Russia. Cities that experienced the Holocaust most intensely have grown less, and cities as...

Persistent link: https://www.econbiz.de/10013142282