Ideas or institutions? – a comment

Guido Tabellini

Journal of Institutional Economics, 2016, vol. 12, issue 1, 43-48

Abstract: Deirdre McCloskey is right, economists interested in comparative development ought to pay more attention to the history of ideas. But, which ideas? And how do they emerge? In this short paper I argue that other ideas, besides the bourgeois ethics, are at least as important. And that a new emphasis on ideas does not make institutions less important, nor does it require that we abandon the traditional method of economics.

Date: 2016
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