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Unless otherwise stated all public lectures are free and require no tickets. For further information about our lectures please contact Jo Cantlay, tel: +44(0)20-7955-7285 or email: j.m.cantlay@lse.ac.uk
Lionel Robbins Memorial Lectures
Understanding Institutions

Professor Daron Acemoglu
Massachusetts Institute of Technology

Download powerpoint slides from the lecture:
MS Powerpoint (1.05MB) | Zipped File (840KB)

[Photo: Daron Acemoglu]

Monday 23rd, Tuesday 24th, & Wednesday 25th February 2004

6.00 pm, Old Theatre, Old Building,
London School of Economics, Houghton Street, London WC2A 2AE
Monday
23 February 2004
Lecture 1:
Institutions and the Prosperity of Nations
Chair: Prof. Lord Layard, CEP, LSE

Tuesday
24 February 2004
Lecture 2:
Towards a Theory of Institutions
Chair: Mr Christopher Johnson

Wednesday
25 February 2004
Lecture 3:
Institutional Persistence and Institutional Change
Chair: Sir Howard Davies, Director, LSE

These lectures will develop the case that institutions, meaning the formal and informal rules governing economic and political interactions, are the major determinant of the cross-country differences in economic performance. Understanding the effect of institutions on economic outcomes and why institutions vary across countries must be a first step in any attempt to improve the long-run performance of less-developed nations in the world. The lectures will also show that institutions are not purely determined by historical accidents or ideological difference, but are chosen by social groups with political power as a way of affecting current and future allocations of resources. This approach provides us not only with a theory of institutions, but also helps us understand why institutions persist and how and why they change. Throughout, the lectures will use a number of historical episodes to illustrate the key concepts and theories. These include the experience of the European colonies during the age of Europe’s expansion and during its aftermath, the process of European growth between 1500 and 1900, the rise of democratic political institutions in Western Europe and Latin America, the process of political development and industrialization in the United States.

These lectures are free and open to all with no ticket required. For more information please contact Jo Cantlay, tel: +44(0)20-7955-7285 or email: j.m.cantlay@lse.ac.uk