In this article, we revisit the relationship among institutions, human capital, and
development. We argue that empirical models that treat institutions and human capital as …

The transition from stagnation to growth and the associated phenomenon of the great
divergence have been the subject of an intensive research in the growth literature in recent …

This paper evaluates claims about the large macroeconomic implications of new advances
in Artificial intelligence (AI). It starts from a task-based model of AI's effects, working through …

All societies must deal with the possibility of violence, and they do so in different ways. This
book integrates the problem of violence into a larger social science and historical …

From the Industrial Revolution to the age of artificial intelligence, The Technology Trap takes
a swee** look at the history of technological progress and how it has radically shifted the …

Human capital is the stock of skills that the labor force possesses. The flow of these skills is
forthcoming when the return to investment exceeds the cost (both direct and indirect) …

Why are some parts of the world so rich and others so poor? Why did the Industrial
Revolution--and the unprecedented economic growth that came with it--occur in eighteenth …

There are fewer people living in extreme poverty in the world today than 30 years ago. While
that is an achievement, continuing progress for poor people is far from assured. Inequalities …

This paper develops a growth theory that captures the replacement of physical capital
accumulation by human capital accumulation as a prime engine of growth along the process …

For most of the vast span of human history, economic growth was all but nonexistent. Then,
about two centuries ago, some nations began to emerge from this epoch of economic …