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Institutions and prosperity A review of Timothy Besley and Torsten Persson, Pillars of Prosperity: The Political Economics of Development Clusters, Princeton University Press, Princeton, 2011, pp. 375 and Daron Acemoglu and James A. Robinson, Why Nations Fail: The Origins of Power, Prosperity and Poverty, Profile Books, London 2012, pp. 529

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  • Jennings, Colin

Abstract

This article reviews 'Pillars of Prosperity' by Timothy Besley and Torsten Persson and 'Why Nations Fail' by Daron Acemoglu and James Robinson. Both books are focussed on the role of institutions in determining the wealth of nations and the review compares and contrasts the different approaches contained in the two texts. The review also attempts to locate the texts within the broader literature in development and political economics and to link them to other recent work in these areas

Suggested Citation

  • Jennings, Colin, 2013. "Institutions and prosperity A review of Timothy Besley and Torsten Persson, Pillars of Prosperity: The Political Economics of Development Clusters, Princeton University Press, Princeton, 2011, pp. 375," European Journal of Political Economy, Elsevier, vol. 29(C), pages 252-258.
    • Handle: RePEc:eee:poleco:v:29:y:2013:i:c:p:252-258
    DOI: 10.1016/j.ejpoleco.2012.10.001
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    References listed on IDEAS

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    1. Hamlin, Alan & Jennings, Colin, 2011. "Expressive Political Behaviour: Foundations, Scope and Implications," British Journal of Political Science, Cambridge University Press, vol. 41(3), pages 645-670, July.
    2. Robert M. Solow, 1956. "A Contribution to the Theory of Economic Growth," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 70(1), pages 65-94.
    3. Acemoglu,Daron & Robinson,James A., 2009. "Economic Origins of Dictatorship and Democracy," Cambridge Books, Cambridge University Press, number 9780521671422, December.
    4. Hillman, Arye L., 2010. "Expressive behavior in economics and politics," European Journal of Political Economy, Elsevier, vol. 26(4), pages 403-418, December.
    5. Tridimas, George, 2012. "How democracy was achieved," European Journal of Political Economy, Elsevier, vol. 28(4), pages 651-658.
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    More about this item

    Keywords

    Institutions; Prosperity;

    JEL classification:

    • D7 - Microeconomics - - Analysis of Collective Decision-Making
    • N4 - Economic History - - Government, War, Law, International Relations, and Regulation
    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development

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