Tags » Daron Acemoglu

On Trickle Down Economics

We plutocrats need to get this trickle-down economics thing behind us, this idea that the better we do, the better everyone else will do. It’s not true.

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Quotes

Why Nations Fail by Daron Acemoglu and James Robinson; a discussion of the main ideas

This book addresses the core reasons for why some countries are rich today and why some have been stuck in a vicious circle of poverty and corruption. 836 more words

(Spoiler Alert) Game of Science: Higher life expectancy does not cause Economic Growth

Disease and Development: A Reply to Bloom, Canning, and Fink

By Daron Acemoglu and Simon Johnson (both MIT)

URL: http://d.repec.org/n?u=RePEc:nbr:nberwo:20064&r=his

Abstract

Bloom, Canning, and Fink (2014) argue that the results in Acemoglu and Johnson (2006, 2007) are not robust because initial level of life expectancy (in 1940) should be included in our regressions of changes in GDP per capita on changes in life expectancy.

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Economic History

Piketty and the Vicious Circle of Inequality

Dr Scott Wisor

The academic book of the moment (perhaps the decade) is Thomas Piketty’s Capital in the Twenty First Century. You are not a serious member of the public commentariat unless you have aired your views on the… 611 more words

From Middle-Class to Minimum Wage. With No Way Back

By Michael Valpy

Eric Schuppert’s realization that he had left the middle class did not occur in 2008, when his $75,000-a-year salary with full benefits, pension and five weeks’ paid vacation vanished along with his job as a public-service manager for the municipality of Caledon. 1,909 more words

Purpose

How Democracy Actually Developed

How did democracy become a good thing? This might sound like a silly question to (most) contemporary American ears, but the coupling of a belief in the propriety of popular sovereignty with an inclusive definition of who qualifies as “the people” didn’t dominate the idea space until pretty recently. 551 more words

Democratization