Huang, Fali - East Asian Bureau of Economic Research (EABER) - 2007
This paper establishes a simple model of long run economic and political development, which is driven by the inherent … respective owners (landlords, capitalists, and workers) to gain political power in the same sequence, shaping the political … development path from monarchy to oligarchy and .nally to democracy with full surage. When it is too costly for any group of …