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64 sats \ 0 replies \ @Undisciplined 14 Oct \ on: Nobel economics prize awarded to Daron Acemoglu, Simon Johnson,James Robinson econ
I know I read Why Nations Fail, back when I was taking courses in development economics. I don't remember in enough detail to do it justice, but the focus is on social institutions being more important than demography, climate, or geography. Of course, this is what most economists expect: outcomes follow incentives, after all.
The work is useful when refuting political propaganda seeking to pass blame for economic troubles off onto extraneous factors.