Acemoglu on Growth
By Arnold Kling
The New Economist quotes from a preliminary draft of a magnum opus from wunderkind Daron Acemoglu on economic growth.
The central questions are these:
(1) Why did the world economy not experience sustained growth before 1800?
(2) Why did economic takeoff start in 1800 and inWestern Europe?
(3) Why did some societies manage to benefit from the new technologies and organizational forms that emerged starting in 1800, while others steadfastly refused or failed to do so?
The blogger says that Acemoglu’s answers to these questions constitute “the best summary of the economic growth literature I have read.”
If you and your computer are up for an enormous download, you can read the book (it’s in draft form) here.