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Understanding institutions

Institutions, 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.

Professor Daron Acemoglu, MIT, will explore such issues in a series of Lionel Robbins Memorial Lectures at the London School of Economics and Political Science (LSE) on Monday 23, Tuesday 24 and Wednesday 25 February.

Professor Acemoglu will show that institutions are not purely determined by historical accidents or ideological differences, but are chosen by social groups with political power as a way of affecting current and future allocation of resources.

  • Institutions and the Prosperity of Nations: Monday 23 February, 6pm, Old Theatre, Old Building, LSE. Chair: Professor Lord Layard.
  • Towards a Theory of Institutions: Tuesday 24 February, 6pm, Old Theatre, Old Building, LSE
    Chair: Christopher Johnson.
  • Institutional Persistence and Institutional Change: Wednesday 26 February, 6pm, Old Theatre, Old Building, LSE. Chair: Howard Davies

Daron Acemoglu is professor of economics at MIT. A former LSE student and lecturer, he has received numerous prizes and fellowships and his work has been published in leading scholarly journals. He is editor of the Review of Economics and Statistics and associate editor of the Quarterly Journal of Economics and the Journal of Economic Growth.

These events are free and open to all with no ticket required. Entry is on a first come, first serve basis.


To reserve a press seat for any of the above lectures, please contact Jessica Winterstein, LSE Press Office, on 020 7955 7060 or email j.winterstein@lse.ac.uk|

18 February 2004