Economic Origins of Dictatorship and Democracy
Economic and Political Origins
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Economic Origins of Dictatorship and Democracy by Daron Acemoglu
Book DescriptionThis 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.
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Book DetailsISBN: 9780521855266
(234mm x 156mm x 24mm)
Imprint: Cambridge University Press
Publisher: Cambridge University Press
Publish Date: 19-Dec-2005
Country of Publication: United Kingdom
Books By Author Daron Acemoglu
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Features two papers that illuminate causes of the financial crisis: how firms accessed credit during the financial crisis and how changing price and treatment of risk in mortgage lending was measured in the UK in the decades before the crisis.
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Author Biography - Daron Acemoglu
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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