The consensus among scholars and policymakers that "institutions matter" for development has led inexorably to a conclusion that "history matters," since institutions clearly form and evolve over time. Unfortunately, however, the next logical step has not yet been taken, which is to recognize...

The consensus among scholars and policymakers that 'institutions matter' for development has led inexorably to a conclusion that 'history matters' since institutions clearly form and evolve over time. Unfortunately, however, the next logical step has not yet been taken, which is to recognise...

The consensus among scholars and policy-makers that 'institutions matter' for development has led inexorably to a conclusion that 'history matters', since institutions clearly form and evolve over time. Unfortunately, however, the next logical step has not yet been taken, which is to recognise...

The consensus among scholars and policymakers that "institutions matter" for development has led inexorably to a conclusion that "history matters," since institutions clearly form and evolve over time. Unfortunately, however, the next logical step has not yet been taken, which is to recognize...

We present evidence that measures of quot;social cohesion,quot; such as income inequality and ethnic fractionalization, endogenously determine institutional quality, which in turn casually determines growth