Economics Dictionary of ArgumentsHome
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| Economic policies: Economic policy refers to government measures to manage the economy. It includes decisions on monetary policy, taxes, trade and regulations aimed at promoting growth, stability and distributive justice. See also economy, interventions, interventionism, politics._____________Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments. | |||
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Daron Acemoglu on Economic Policies - Dictionary of Arguments
Acemoglu I 67 Economic policies/poverty/Acemoglu/Robinson: (...) to understand world inequality we have to understand why some societies are organized in very inefficient and socially undesirable ways. Nations sometimes do manage to adopt efficient institutions and achieve prosperity, but alas, these are the rare cases. Most economists and policymakers have focused on “getting it right,” while what is really needed is an explanation for Acemoglu I 68 why poor nations “get it wrong.” Getting it wrong is mostly not about ignorance or culture. >Ignorance/Acemoglu, >Cultural differences/Acemoglu. (...) poor countries are poor because those who have power make choices that create poverty. They get it wrong not by mistake or ignorance but on purpose._____________Explanation of symbols: Roman numerals indicate the source, arabic numerals indicate the page number. The corresponding books are indicated on the right hand side. ((s)…): Comment by the sender of the contribution. Translations: Dictionary of Arguments The note [Concept/Author], [Author1]Vs[Author2] or [Author]Vs[term] resp. "problem:"/"solution:", "old:"/"new:" and "thesis:" is an addition from the Dictionary of Arguments. If a German edition is specified, the page numbers refer to this edition. |
Acemoglu II James A. Acemoglu James A. Robinson Economic origins of dictatorship and democracy Cambridge 2006 Acemoglu I James A. Acemoglu James A. Robinson Why nations fail. The origins of power, prosperity, and poverty New York 2012 |
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