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Unintended Consequences: The Impact of Factor Endowments, Culture, and Politics on Long-Run Economic Performance


  • Deepak Lal

    () (University of California, Los Angeles)


In this book, based on the 1995 Ohlin Lectures, Deepak Lal provides an accessible, interdisciplinary account of the role of culture in shaping economic performance. Topics addressed include a possible future "clash of civilizations," the role of Asian values in the East Asian economic miracle, the cultural versus economic causes of social decay in the West, and whether modernization leads to Westernization. Lal makes an important distinction between material and cosmological beliefs, showing how both were initially shaped by factor endowments and how they have evolved in response to changing historical pressures in different civilizations.

Suggested Citation

  • Deepak Lal, 2001. "Unintended Consequences: The Impact of Factor Endowments, Culture, and Politics on Long-Run Economic Performance," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262621541, January.
  • Handle: RePEc:mtp:titles:0262621541

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    References listed on IDEAS

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    2. Tabellini, Guido & Alesina, Alberto, 1990. "Voting on the Budget Deficit," American Economic Review, American Economic Association, vol. 80(1), pages 37-49, March.
    3. Tobin, James, 1969. "A General Equilibrium Approach to Monetary Theory," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 1(1), pages 15-29, February.
    4. Sutherland, Alan, 1997. "Fiscal crises and aggregate demand: can high public debt reverse the effects of fiscal policy?," Journal of Public Economics, Elsevier, vol. 65(2), pages 147-162, August.
    5. Menahem E. Yaari, 1965. "Uncertain Lifetime, Life Insurance, and the Theory of the Consumer," Review of Economic Studies, Oxford University Press, vol. 32(2), pages 137-150.
    6. Robert Summers & Alan Heston, 1991. "The Penn World Table (Mark 5): An Expanded Set of International Comparisons, 1950–1988," The Quarterly Journal of Economics, Oxford University Press, vol. 106(2), pages 327-368.
    7. Uzawa, H, 1969. "Time Preference and the Penrose Effect in a Two-Class Model of Economic Growth," Journal of Political Economy, University of Chicago Press, vol. 77(4), pages 628-652, Part II, .
    8. van Wijnbergen, Sweder, 1987. "Tariffs, Employment and the Current Account: Real Wage Resistance and the Macroeconomics of Protectionism," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 28(3), pages 691-706, October.
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    Cited by:

    1. Easterly, William, 2001. "The Middle Class Consensus and Economic Development," Journal of Economic Growth, Springer, vol. 6(4), pages 317-335, December.
    2. Marcus Noland, 2003. "Religion, Culture, and Economic Performance," Working Paper Series WP03-8, Peterson Institute for International Economics.
    3. Roman, Monica & Goschin, Zizi, 2011. "Does religion matter? Exploring economic performance differences among Romanian emigrants," MPRA Paper 31779, University Library of Munich, Germany.
    4. Liggio Leonard P., 2015. "Religious Culture and Customary Legal Tradition: Historical Foundations of European Market Development," Journal des Economistes et des Etudes Humaines, De Gruyter, vol. 21(1-2), pages 33-66, December.
    5. Mark Koyama, 2008. "Evading the 'Taint of Usury' Complex Contracts and Segmented Capital Markets," Economics Series Working Papers 412, University of Oxford, Department of Economics.
    6. repec:wsi:jecxxx:v:20:y:2012:i:03:n:s0218495812500112 is not listed on IDEAS
    7. Zizi Goschin & Monica Roman, 2011. "Religious Affiliation And Economic Performance Of Romanian Emigrants. An Empirical Approach," ERSA conference papers ersa11p686, European Regional Science Association.
    8. Boudewijn Bouckaert, 2007. "Bureaupreneurs in China: we did it our way," European Journal of Law and Economics, Springer, vol. 23(2), pages 169-195, April.
    9. Ruttan, Vernon W., 2002. "Social Science Knowledge And Institutional Innovation," Staff Papers 13628, University of Minnesota, Department of Applied Economics.
    10. Chakraborty, Shankha & Thompson, Jon C. & Yehoue, Etienne B., 2016. "The culture of entrepreneurship," Journal of Economic Theory, Elsevier, vol. 163(C), pages 288-317.
    11. Ruttan, Vernon W., 2006. "Social science knowledge and induced institutional innovation: an institutional design perspective," Journal of Institutional Economics, Cambridge University Press, vol. 2(03), pages 249-272, December.
    12. Quentin M. Duroy, 2005. "The Determinants of Environmental Awareness and Behavior," Rensselaer Working Papers in Economics 0501, Rensselaer Polytechnic Institute, Department of Economics.
    13. Kunting Chen, 2012. "Analysis of the Great Divergence under a Unified Endogenous Growth Model," Annals of Economics and Finance, Society for AEF, vol. 13(2), pages 317-353, November.
    14. Klasing, Mariko J., 2013. "Cultural dimensions, collective values and their importance for institutions," Journal of Comparative Economics, Elsevier, vol. 41(2), pages 447-467.
    15. DUDLEY, Leonard, 2003. "Explaining the Great Divergence: Medium and Message on the Eurasian Land Mass, 1700-1850," Cahiers de recherche 2003-19, Universite de Montreal, Departement de sciences economiques.
    16. Vijayaraghavan, Maya & Ward, William A., 2001. "Institutions and Economic Growth: Empirical Evidence for a Cross-National Analysis," Working Papers 112952, Clemson University, Center for International Trade.

    More about this item


    culture; clash of civilizations; factor endowments;

    JEL classification:

    • Z1 - Other Special Topics - - Cultural Economics
    • E66 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General Outlook and Conditions
    • P52 - Economic Systems - - Comparative Economic Systems - - - Comparative Studies of Particular Economies


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