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Economic Origins of Dictatorship and Democracy
     

Economic Origins of Dictatorship and Democracy

4.3 3
by Daron Acemoglu, James A. Robinson
 

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This book develops a framework for analyzing the creation and consolidation of democracy. Different social groups prefer different political institutions because of the way they allocate political power and resources. Thus democracy is preferred by the majority of citizens, but opposed by elites. Dictatorship nevertheless is not stable when citizens can threaten

Overview

This book develops a framework for analyzing the creation and consolidation of democracy. Different social groups prefer different political institutions because of the way they allocate political power and resources. Thus democracy is preferred by the majority of citizens, but opposed by elites. Dictatorship nevertheless is not stable when citizens can threaten social disorder and revolution. In response, when the costs of repression are sufficiently high and promises of concessions are not credible, elites may be forced to create democracy. By democratizing, elites credibly transfer political power to the citizens, ensuring social stability. Democracy consolidates when elites do not have strong incentive to overthrow it. These processes depend on (1) the strength of civil society, (2) the structure of political institutions, (3) the nature of political and economic crises, (4) the level of economic inequality, (5) the structure of the economy, and (6) the form and extent of globalization.

Editorial Reviews

From the Publisher
"This path-breaking book is among the most ambitious, innovative, sweeping, and rigorous scholarly efforts in comparative political economy and political development. It offers a broad, substantial new account of the creation and consolidation of democracy. Why is the franchise extended? How do elites make reform believable and avoid expropriation? Why do revolutions nevertheless occur? Why do new democracies sometimes collapse into coups and repression? When is repression abandoned? Backed by a unified analytic model, historical insight, and extensive statistical analysis, the authors' case is compelling." - James E. Alt, Frank G. Thomson Professor of Government, Harvard University

"This tour de force combines brilliant theoretical imagination and historical breadth to shine new light on issues that have long been central in social science. The book cannot be ignored by anybody wanting to link political and economic development. Its range is truly impressive. The same logical framework offers plausible predictions about revolution, repression, democratization, and coups. The book refreshingly includes as much Latin American experience as European experience, and as much Asian as North American. The authors offer new intellectual life to economics, political science, sociology, and history. Game theory gains a wider audience by being repeatedly applied to major historical issues for which commitment is indeed a key mechanism. Economists and political scientists gain more common ground on their political economy frontier." - Peter Lindert, University of California, Davis

"Sociologists are given a new template about class interactions in the political sphere, one that suggests both new tests and new ideas. And comparative historians, while fleeing from active involvement in game theory, have a new set of conjectures to support or be provoked by."

"Acemoglu and Robinson have developed a coherent and flexible analytical framework that brings together many aspects of the comparative political economy of democratization and democratic consolidation. Beyond being an excellent work of synthesis, this framework also leads to insights that will pave the way for further theoretical and empirical investigation. The combination of theory and historical application make this a first-rate book for teaching, as well as a major research contribution." - Thomas Romer, Princeton University

"This book is an immense achievement. Acemoglu and Robinson at once extend the frontiers of both economics and political science; they provide a new way of understanding why some countries are rich and some are poor; and they reinterpret the last 500 years of history." - Barry Weingast, Stanford University

"A vast body of research in social science on the development of democracy offers detailed accounts of specific country events but few general lessons. Acemoglu and Robinson breathe new life into this field. Relying on a sequence of formal but parsimonious game-theoretic models and on penetrating historical analysis, they provide a common understanding of the diverse country histories observed during the last two centuries" - Torsten Persson, Director Institute for International Economics Studies, Stockholm University

"...brilliant in its parsimony of means and power of explanation. The thesis is compellingly inventive. In practice, this is a model that may prove helpful in explaining long-term patterns of emerging democracies. Students of economics will study this text as much for its methodical exposition as for its conclusions. They will find the effort well worthwhile." - Tim Harford, Financial Times

"Acemoglu and Robinson have dared to set themselves up as targets. It is unlikely that the naysayers and nitpickers will be able to desist. Nor should they. And if the authors' effort survives the pounding —as well it might —it will be a triumph not just for Acemoglu and Robinson but for economics and its methods." - Arvind Subramanian, International Monetary Fund Journal

"I would recommend this book to anyone with a serious interest in democratic transitions and economic development. Its historical scope, and the power of the models it develops, set a new standard in political economy." - Michael Munger, EH.NET

"In this superb volume, Daron Acemoglu and James A. Robinson seek to answer age-old questions in political economy: What factors, particularly economic factors, explain why some countries pass from dictatorship to democracy? What determines whether such transitions will be consolidated or whether a country will revert to rule by a small elite? Their answers, and the manner in which these were obtained, are refreshingly new." - Romain Warciarg, Science

"...there is much [here] to admire. True to their title, Messrs Acemoglu and Robinson offer a unified theory of both democracy and its opposite. According to two scholars cited in this book, even to look for a general theory of democratic reform requires great temerity. Happily, Messrs Acemoglu and Robinson have temerity in spades." - The Economist

"The book will be widely used in undergraduate and graduate courses in political economy. [It] will be appreciated by economists who are not satisfied with an argument until it reaches its apotheosis as a set of mathematical equations. But the less quantitative have much to glean from this rich book as well, for it clarifies what assumptions are required for its arguments to hold, and shows in high relief the contrasts with other standard works on democratization." - Frances Rosenbluth, Japanese Journal of Political Science

Product Details

ISBN-13:
9781107713888
Publisher:
Cambridge University Press
Publication date:
12/19/2005
Sold by:
Barnes & Noble
Format:
NOOK Book
File size:
8 MB

Meet the Author

Daron Acemoglu is Charles P. Kindleberger Professor of Applied Economics at The Massachusetts Institute of Technology and a member of the Canadian Institute for Advanced Research's Program on Institutions, Organizations, and Growth. He received the 2005 John Bates Clark Medal awarded by the American Economic Association to the best economist working in the United States under age 40. He is the author of the textbook Introduction to Modern Economic Growth and coeditor of Econometrica and NBER Macroannual.
James A. Robinson is Professor of Government at Harvard University. He is a Faculty Associate at the Institute for Quantitative Social Science and the Weatherhead Center for International Affairs and is a member of the Canadian Institute for Advanced Research's Program on Institutions, Organizations, and Growth. He is coeditor with Jared Diamond of Natural Experiments in History (2009).

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Economic Origins of Dictatorship and Democracy 4.3 out of 5 based on 0 ratings. 3 reviews.
Guest More than 1 year ago
Finally, a formal theory of the process of democratization! Although the underlying assumption of the theory assumes that authoritarians use authority to maintain wealth (which is not always the case) the theory is provocative and insightful. Moreover, it malleable to additional questions and can serve as a theoretic foundation for countless other projects.
Anonymous More than 1 year ago
Anonymous More than 1 year ago