Jens 'n' Frens
Idle thoughts of a relatively libertarian Republican in Cambridge, MA, and whomever he invites. Mostly political.
"A strong conviction that something must be done is the parent of many bad measures." -- Daniel Webster
Thursday, March 29, 2012 :::
Francis Fukuyama reviews the new Acemoglu and Robinson book "Why Nations Fail". His review is largely positive, but by no means uncritical. In particular, he points out that thinking about national institutions as either "inclusive" or "extractive", as the authors do, misses a lot of important details.