The natural state: The political-economy of non-development

Economic historians Douglass C. North, John Joseph Wallis, and Barry R. Weingast published a paper in 2005 (later included in their book Violence and Social Orders, 2009) titled “The Natural State: The Political-Economy of Non-Development”. You can read the paper here (PDF). Please do so with the DPRK in mind. Though written at a theoretical level … Continue reading The natural state: The political-economy of non-development