5min chapter

Conversations with Tyler cover image

Jeffrey Sachs on Charter Cities and How to Reform Graduate Economics Education (Live at Mason)

Conversations with Tyler

CHAPTER

Is There a Better Measure of Institutional Quality?

If we go to the year 1960, it's very hard to come up with a metric of institutions that predicts which countries end up doing well. We really need a better measure of institutions, which we don't have yet,. And institutions will someday matter again but I'm looking for this in vain," he says.

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