The Surplus Approach and Institutions: Diamond vs. Acemoglu & Robinson Sergio Cesaratto

In this piece the author discusses how the ‘surplus approach’ adopted by Jared Diamond is very close to that of classical economists and opines that the challenge to future research is how this approach may help to explain, among other things, recent growth episode and differentials.

Surplus_Approach (Download the full text in PDF format)

(This piece was originally published by ‘Naked Keynesianism’ blog and can be found here .)