The pursuit of liberty and prosperity along a narrow corridor — Daron Acemoglu

In the bestselling book – Why Nations Fail: The Origins of Power, Prosperity, and Poverty (2012), Daron Acemoglu and James Robinson ask why some nations are rich and others poor, divided by wealth and poverty, health and sickness, food and famine. They claim that it is neither culture, weather, nor geography. Rather, they argue that economic success depends on man-made political and economic institutions. In their latest book, The Narrow Corridor: States, Societies, and the Fate of Liberty (2019), Daron and Jim show that liberal-democratic states exist in between the alternatives of lawlessness and authoritarianism. And while the state is needed to protect people from domination at the hands of others in society, the state can also become an instrument of violence and repression. Society’s default condition is anarchy (or the "Absent Leviathan"). The alternatives to chaos are despotism (the "Despotic Leviathan"), the powerless state (the "Paper Leviathan"), and the "Shackled Leviathan" (or state which equals the corridor between the Absent, Paper, and Despotic Leviathans). Thus, liberty originates from a delicate balance of power between state and society.

Daron Acemoglu is Institute Professor in the Department of Economics at the Massachusetts Institute of Technology (MIT). 

Host:

Professor Dan Banik, University of Oslo, Twitter: @danbanik  @GlobalDevPod

Apple Google Spotify YouTube

https://in-pursuit-of-development.simplecast.com/

Host:

Dan Banik 

LinkedIn

X: @danbanik @GlobalDevPod

Subscribe:

Apple Spotify YouTube

https://in-pursuit-of-development.simplecast.com