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The Eternal Economic Question: Why Some Reguons/Nations/Populations are Rich, and Some Poor …?

March 16, 2012


Institutions, as broadly taken as possibke; theformak and informal sets of rules and regulations embedded in the pokitical system, the sets of traditions and norms within the culture, the sum all combination of each regional/national/population group (insert any unit of measure that defines a geographical area and/or a population or segment within a certain geographical unit, etc.)that contains certain values, traits, behaviors, and/or any characteristic that forms an aspect of the area/population group’s identity — however big or small, however influential on the area/quantity of people.

BUT, the most important thread within this historical and sociological analysis of the economic state of humanity is that it is in the hands of man, so to speak. It’s not a seperate, gigantic ship that sails and rocks on it’s own trajectory, with it’s own towering mass and historical inertia irrespective, and too colossal to be affected by people. It’s fully dependent on us. Let’s be reak, in many ways the power and ability of any individual a/o group of people, a/o any organization, a/o any groups of organizations, a/o various areas of land, differ in their ability to affect change: but it is up to us, so to speak.

NPR, ATC, Planet Money, mobile version
Full site/Nonmobile version
Planet Money, Mobile version
Planet Money, Nonmobile version
‘Why Nations Fail,’ book by Daron Acemoglu and James Robinson; Report/story built on their book


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