The Impact of Factor Endowments, Culture and Politics on Long-run Economic Performance
By (author) Deepak Lal
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Unintended Consequences by Deepak Lal
Book DescriptionIn this book, based on the 1995 Ohlin Lectures, Deepak Lal provides an accessible, interdisciplinary account of the role of culture in shaping economic performance. Topics addressed include a possible future "clash of civilizations," the role of Asian values in the East Asian economic miracle, the cultural versus economic causes of social decay in the West, and whether modernization leads to Westernization. Lal makes an important distinction between material and cosmological beliefs, showing how both were initially shaped by factor endowments and how they have evolved in response to changing historical pressures in different civilizations.Lal's first major theme is the interaction of factor endowments, culture, and politics in explaining modern intensive growth in the West. The other major theme is the role of individualism--an inadvertent legacy of the medieval Catholic Church--in promoting this growth, and the strange metamorphoses this has caused in both the West's cosmological beliefs and the interaction between "the West and the rest." Lal takes account of the relevant literature in history, anthropology, social psychology, evolutionary biology, neurology, and sociology, and the economic history of the regions and cultures that form Eurasia. An appendix shows how the stories Lal tells can be described by four formal economic models.
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Book DetailsISBN: 9780262621540
(229mm x 152mm x 12mm)
Imprint: MIT Press
Publisher: MIT Press Ltd
Publish Date: 3-Sep-2001
Country of Publication: United States
Books By Author Deepak Lal
Lost Causes, Paperback (February 2012)
A collection of essays from the classical liberal perspective on the social problems besetting Britain today, and why we have failed to address them.
Reviving the Invisible Hand, Paperback (January 2008)
Arguing for a revival of the invisible hand of free international trade and global capital, the author defends the view that statist attempts to ameliorate the impact of markets threaten global economic progress and stability. He contends that capitalism doesn't have to lead to Westernization, as the examples of Japan, China, and India show.
In Praise of Empires, Hardback (December 2004)
In this timely and controversial book, economist Deepak Lal explores the twin themes of empires and globalization and discusses the place of the US in the current world order.
Hindu Equilibrium, Hardback (November 2004)» View all books by Deepak Lal
This book explains India's long economic stagnation and recent rise by examining its social, political and historical evolution in long term perspective. It explains how its distinct social system based on caste arose and why it still is of importance in its political and social arrangements, despite India's recent move from the plan to market.
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Author Biography - Deepak Lal
Deepak Lal is the James S. Coleman Professor of International Development Studies at the University of California, Los Angeles.
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