Rocking Our Priors Archives

China’s Gilded Age

Why has China grown so fast for so long despite vast corruption? In China’s Gilded Age, Yuen Yuen Ang maintains that all corruption is harmful, but not all types of corruption hurt growth. Ang unbundles corruption into four varieties: petty theft, grand theft, speed money, and access money. While the first three types impede growth, access money – elite exchanges of power and profit – cuts both ways: it stimulates investment and growth but produces serious risks for the economy and political system. Since market opening, corruption in China has evolved toward access money. […Learn More]

How China Escaped the Poverty Trap

How can poor and weak societies escape poverty traps? Political economists have traditionally offered three answers: “stimulate growth first,” “build good institutions first,” or “some fortunate nations inherited good institutions that led to growth.”

Yuen Yuen Ang rejects all three schools of thought and their underlying assumptions: linear causation, a mechanistic worldview, and historical determinism. Instead, she launches a new paradigm grounded in complex adaptive systems, which embraces the reality of interdependence and humanity’s capacity to innovate. […Learn More]

The Narrow Corridor: States, Societies, and the Fate of Liberty

From the authors of the international bestseller Why Nations Fail, a crucial new big-picture framework that answers the question of how liberty flourishes in some states but falls to authoritarianism or anarchy in others—and explains how it can continue to thrive despite new threats.
In Why Nations Fail, Daron Acemoglu and James A. Robinson argued that countries rise and fall based not on culture, geography, or chance, but on the power of their institutions. In their new book, they build a new theory about liberty and how to achieve it, drawing a wealth of evidence from both current affairs and disparate threads of world history. […Learn More]

Unruly Waters: How Rains, Rivers, Coasts, and Seas Have Shaped Asia’s History

Asia’s history has been shaped by her waters. In Unruly Waters, historian Sunil Amrith reimagines Asia’s history through the stories of its rains, rivers, coasts, and seas — and of the weather-watchers and engineers, mapmakers and farmers who have sought to control them. Looking out from India, he shows how dreams and fears of water shaped visions of political independence and economic development, provoked efforts to reshape nature through dams and pumps, and unleashed powerful tensions within and between nations. […Learn More]