Colonialism did not, however, merely impact the development of those societies that did the colonising. Most obviously, it also affected the societies that were colonised. In our research (Acemoglu et al. 2001, 2002) we showed that this, again, had heterogeneous effects. This is because colonialism ended up creating very distinct sorts of societies in different places. In particular, colonialism left very different institutional legacies in different parts of the world, with profoundly divergent consequences for economic development. The reason for this is not that the various European powers transplanted different sorts of institutions – so that North America succeeded due to an inheritance of British institutions, while Latin America failed because of its Spanish institutions. In fact, the evidence suggests that the intentions and strategies of distinct colonial powers were very similar (Acemoglu and Robinson 2012). The outcomes were very different because of variation in initial conditions in the colonies.
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Empty half the Earth of its humans. It's the only way to save the planet | Kim Stanley ... - 0 views
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" Fearless commentary on finance, economics, politics and power Follow yvessmith on Twitter Feedburner RSS Feed RSS Feed for Comments Subscribe via Email SUBSCRIBE Recent Items Links 3/11/17 - 03/11/2017 - Yves Smith Deutsche Bank Tries to Stay Alive - 03/11/2017 - Yves Smith John Helmer: Australian Government Trips Up Ukrainian Court Claim of MH17 as Terrorism - 03/11/2017 - Yves Smith 2:00PM Water Cooler 3/10/2017 - 03/10/2017 - Lambert Strether Why a 400-Year Program of Modernist Thinking is Exploding - 03/10/2017 - Yves Smith Links 3/10/17 - 03/10/2017 - Yves Smith Why It Will Take a Lot More Than a Smartphone to Get the Sharing Economy Started - 03/10/2017 - Yves Smith CalPERS' General Counsel Railroads Board on Fiduciary Counsel Selection - 03/10/2017 - Yves Smith Another Somalian Famine - 03/10/2017 - Yves Smith Trade now with TradeStation - Highest rated for frequent traders Why a 400-Year Program of Modernist Thinking is Exploding Posted on March 10, 2017 by Yves Smith By Lynn Parramore, Senior Research Analyst at the Institute for New Economic Thinking. Originally published at the Institute for New Economic Thinking website Across the globe, a collective freak-out spanning the whole political system is picking up steam with every new "surprise" election, rush of tormented souls across borders, and tweet from the star of America's great unreality show, Donald Trump. But what exactly is the force that seems to be pushing us towards Armageddon? Is it capitalism gone wild? Globalization? Political corruption? Techno-nightmares? Rajani Kanth, a political economist, social thinker, and poet, goes beyond any of these explanations for the answer. In his view, what's throwing most of us off kilter - whether we think of ourselves as on the left or right, capitalist or socialist -was birthed 400 years ago during the period of the Enlightenment. It's a set of assumptions, a particular way of looking at the world that pushed out previous modes o
KiMi Robinson: Millennials 'Search for Truth' on Election and Distrust Media, Intellige... - 0 views
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