The institutions literature is of limited practical policy use because it identifies a causal effect (good news) but the cause—your colonial origin—is something you can do nothing to change (bad news), and governments need answers about policy changes over 2-year cycles, not 300-year horizons.

normativepending

Speaker

Peter Henry

Evidence Quote

they don't want to know what the effect is gonna be over the course of 300 years most governments don't even fix a two years ahead

Source

Peter Henry on Growth, Development, and Policy 07/27/2009EconTalk
Created: 6/17/2026, 10:31:29 AM

My Notes

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