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It emphasises the importance of institutions and policies that may strengthen and shape change.
Other blog posts in Free exchange's economic history series have included the economic consequences of the Black Death, the importance of institutions and what Adam Smith really meant.
Mr Kennedy's account of military overreach dooming empires took 677 pages and Messrs Acemoglu's and Robinson's account of the importance of institutions stretched to 529, whereas "Balance" fills just 351 smallish pages.
The theoretical predicament is that on their own, neither a Keynesian nor a neoclassical approach can grasp the importance of institutions; of vocation, virtue and value in generating competitive advantage, reciprocity as the foundation of good practice and the importance of long-term relationships between capital, labour and place in generating growth and innovation.
Economic geographers have suggested (PDF) that picking up a country like Zimbabwe and putting it down in the middle of central Europe might increase GDP per capita by 80%.But I also think this reinforces the importance of institutions in determining economic development.
Morocco's success in renewable energy auctions demonstrates the importance of institutions and coordination among key energy sector stakeholders.
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A particular focus of our effort was to include faculty from community colleges and other 2-yr institutions due to the importance of these institutions as entries for students into higher education and as a potential source of students transferring to baccalaureate institutions (Baum et al., 2011).
The presented model takes into account the importance of national institutions for innovation in GVCs.
Although economic institutions such as price and money are important, Polanyi also stressed the importance of noneconomic institutions such as religion and government.
He made reference to the installation of a new pope and archbishop of Canterbury by saying it had been an "extraordinary week" for Christians and that it was important to celebrate the importance of faith institutions in Britain.
She was an institution builder and stressed the importance of strong institutions that could last over time rather than reliance on a single strong leader.
More suggestions(15)
interest of institutions
sizes of institutions
needs of institutions
roles of institutions
importance of establishment
importance of enterprise
interests of institutions
proportions of institutions
importance of sedges
importance of jobs
importance of semantics
importance of trees
importance of epigenetics
importance of beards
importance of relationships
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com