Robust institutional change is difficult to achieve.  However, the growth paths of some countries are more likely to be affected by contemporaneous political turmoil than others.  This paper supports this claim using data on GDP growth during periods of extreme political turmoil for 69 countries between 1870 and 2000.  The authors argue that the robustness of a country’s growth path to political uncertainty depends on the degree to which individuals are invested in its current institutions. 

Why is it that some countries adopted growth enhancing institutions earlier than others during the early-modern period? We address this question through a comparative study of the evolution of French and Ottoman fiscal institutions.

On November 7th, 2003, the Fund for the Study of Spontaneous Orders, the Atlas Economic Research Foundation, the Mercatus Center at George Mason University, and the Institute for Humane Studies honored Vincent and Elinor Ostrom with a Lifetime Achievement Award for their pioneering contributions to the field of political economy through their work on institutional reform, common pool resources, self-governance, and a variety of other topics. In honor of this award, Paul Dragos Aligica interviewed the scholars on their work in institutional analysis.

In this Country Brief, Enterprise Africa! lead researcher Karol Boudreaux and program associate Johan van der Walt focus on three domestic policy issues that they believe are important to expanding opportunities for South Africa’s poor: employment, education, and security. In addition, they also focus on three foreign policy issues that they believe are significant to leveraging South Africa’s unique position in international affairs: regional integration, good governance, and public and cultural diplomacy.

The fatal conceit is the assumption the world can be shaped according to human desires.  With the collapse of socialism, central planning has been discredited as a viable means of economic organization.  However, the fatal conceit of central planning continues through foreign interventions in the form of foreign aid and foreign military interventions.