My PhD dissertation focussed on the evolutionary nature of institutions. It explored how changes in the economic environment affect institutions and whether these changes, in turn, have any effect on the economic environment. 2,959 more words
Tags » Economic Institutions
Economists distinguish between two kinds of growth, extensive and intensive. Extensive growth raises a nation’s total output, but doesn’t make the populace better off and can easily make it worse off. 1,132 more words
Alan Charles Fors
Professor Emeritus, Department of History, University of Pennsylvania
This article was published in The American Interest on 1 July 2007.
Americans derive a certain pride, however mixed, from the ways in which Alexis de Tocqueville observed and analyzed them in his justly famous two-volume 2,651 more words