Reading list
1) Introduction
D. Acemoglu & J. Robinson: Why Nations Fail: The Origins of Power, Prosperity, and Poverty. New York: Crown Publishers, 2012. (Exact pages to be announced before teaching starts)
North, Douglas C.: "Economic Performance Through Time" in Americn Economic Review, 1994. Princeton University Press. 84 (3),. pp. 359-368.
2) Institutions and Economic Performance
Acemoglu, D., S. Johnson and J.A. Robinson: "The Colonial Origins of Comparative Development: an Empirical Investigation" in American Economic Review, , 2001. Vol. 91, No. 5. pp. 1369-1401.
3) Institutions and Commitment
Acemoglu, D. and J.A. Robinson: "Why did the West extend the franchise? Democracy, inequality and growth in historical perspective" Quarterly Journal of Economics, 2001, 115. pp. 1167-1199.
North, D.C. and B.R. Weingast: "Constitutions and Commitment: The Evolution of Institutions Governing Public Choice in Seventeenth Century England" Journal of Economic History, 1989. 48 (4). pp. 803-832.
Avner Greif: “Contract Enforceability and Economic Institutions in Early Trade: The Maghribi Traders' Coalition.” American Economic Review 83 (3), 1993: 525-48.
Guido Tabellini: “Institutions and culture” Journal of the European Economic Association 6(2-3), 2008,: 255-94.
Nunn, Nathan, and Leonard Wantchekon. “The Slave Trade and the Origins of Mistrust in Africa.” American Economic Review, 101(7), 2011: 3221-52.
4) Legal Origins
Acemoglu, D. and S. Johnson: "Unbundling Institutions" Journal of Political Economy, 113 (5), 2005, pp. 949-995.
5) Bad Institutions
Engerman, S.L and K.L. Sokoloff: "Factor Endowments, Institutions and Differential Paths of Growth among New World Economies: A View from Economic Historians of the United States" in S.H. Haber (ed.): How Latin America Fell Behind, Stanford University Press, Stanford CA. pp. 260-304.
Besley, T., T. Persson and D. M. Sturm: "Political Competition, Policy and Growth: Theory and Evidence from the United States." in Review of Economic Studies, 2010. 77: 1329–1352.
Shleifer, A. and R.W. Vishny: "Corruption" in Quarterly Journal of Economics, 108 (3), 599-617.
6) Complementary of Institutions
Barth, E. and K.O. Moene: "The Equality Multiplier", 2013. ESOP working paper.
Daron Acemoglu, James A. Robinson, Thierry Verdier: “Can't We All Be More Like Scandinavians? Asymmetric Growth and Institutions in an Interdependent World” NBER Working Paper No. 18441, 2012
7) The Firm, Organized Interest and Ownership
Coase, R.: "The nature of the firm" in Economica, 1937, 4 (16). pp. 386-405.
Moene, K.O.: "Pay, Power and Effort: The Employment Relation" in Lecture notes.
Craig, B. and J. Pencavel: "The Behavior of Worker Cooperatives: The Plywood Companies of the Pacific Northwest" in American Economic Review, 1992, 82 (5). pp. 1083-1105.
Moene, K. O. and M. Wallerstein: "Unions Versus Cooperatives" in Bowles, S. H. Gintis and B. Gustafsson (eds.): Markets and Democracy: Participation, Accountability and Efficiency, 1993. Cambridge University Press. Link.
Gabriel Temkin: “The new market socialism: A critical review”, Communist and Post-Communist Studies, 29(4), 1996: 467-478