Acemoglu, Daron; Robinson, James - Economics Department, Massachusetts Institute of … - 1999
unrest or revolution, and this may force the elite to democratize. Democracy may not consolidate because it is more … redistributive than a nondemocratic regime, and this gives the elite an incentive to mount a coup. Because inequality makes democracy … more costly to the elite, highly unequal cocieties are less likely to consolidate democracy and may end up oscillating …