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“Economic institutions shape economic incentives: the incentives to become educated, to save and invest, to innovate and adopt new technologies, and so on. It is the political process that determines what economic institutions people live under, and it is the political institutions that determine how this process works.”
― Why Nations Fail: The Origins of Power, Prosperity, and Poverty
― Why Nations Fail: The Origins of Power, Prosperity, and Poverty
Erik’s 2025 Year in Books
Take a look at Erik’s Year in Books, including some fun facts about their reading.
232 books
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108 friends
78 books
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9 friends
15 books
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38 friends
0 books
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8 friends
0 books
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4 friends
47 books
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7 friends
14 books
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22 friends
0 books
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18 friends
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