The Economist's Case for Reaction: is Democracy Good for Growth?
georgefrancis.substack.com
“More political rights do not have an effect on growth… The first lesson is that democracy is not the key to economic growth” - Robert J. Barro “I’m a monarchist because we don’t have to live like this.” - Curtis Yarvin This blog post is lengthy and divided into three sections, so feel free to skip to whatever interests you. The introduction summarises the recent history of anti-democratic thought on the Right and why we should empirically analyse the success of democracy. In the second section, 'Democracy and Economic Growth', I perform a short review of the economic literature on whether or not democracy improves economic growth. In the third section, 'Reaction and the Problem of Variance', I look at why dictatorships are more varied in their growth rates and whether or not this is a reason to prefer democracy.
The Economist's Case for Reaction: is Democracy Good for Growth?
The Economist's Case for Reaction: is…
The Economist's Case for Reaction: is Democracy Good for Growth?
“More political rights do not have an effect on growth… The first lesson is that democracy is not the key to economic growth” - Robert J. Barro “I’m a monarchist because we don’t have to live like this.” - Curtis Yarvin This blog post is lengthy and divided into three sections, so feel free to skip to whatever interests you. The introduction summarises the recent history of anti-democratic thought on the Right and why we should empirically analyse the success of democracy. In the second section, 'Democracy and Economic Growth', I perform a short review of the economic literature on whether or not democracy improves economic growth. In the third section, 'Reaction and the Problem of Variance', I look at why dictatorships are more varied in their growth rates and whether or not this is a reason to prefer democracy.