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

Conversations with Tyler

CHAPTER

Institutions Matter a Lot

I find often that people take an idea and carry it to an extreme. Geography obviously matters a lot. The world's complex. We're dealing with complex systems. And so it's not surprising that different things matter at different times in different places. So of course, institutions make a difference. But I've never said institutions don't matter.

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