Tuesday, August 14, 2012

Chapter 7 - The Turning Point

This chapter again seems to channel Schumpeter's creative destruction - "Conflict over institutiosn and the distribution of resources has been pervasive throughout history."(184)

The authors go on to examine England, the Glorious Revolution and the Industrial Revolution as an illustration of a "turning point" from extractive to inclusive institutions. I think of Joel Moykr's work on technology and the industrial evolution and wonder to what extent the analysis in this chapter holds up. That is, the answer to Why England? sees to remain an open question and the institutional response presented in this chapter is one of a number of alternatives rather than the conclusion.

In any event, the overview in this chapter does connect political change and technological change in an interesting manner.

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