Authors:

  • James Robinson

Excerpt

CSES Lecture Series: Why Nations Fail by James Robinson. James Robinson, January 25, 2013, Video. "Modern economic growth rests on innovation; that is widely accepted. But innovation is usually seen as proportional to effort, investment, and levels of accumulated knowledge technological prowess. These are positive forces; but innovation also requires overcoming the negative forces of established authority, intellectual 'sunk costs,' and the vested interests who benefit from maintaining status quo beliefs. Only Western civilization was successful in..." Link verified October 7, 2014