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Understanding Institutions: Institutional Persistence and Institutional Change

Lionel Robbins Memorial Lectures

Date: Wednesday 25 February 2004
Time: 6.00pm
Venue: Old Theatre, Old Building
: Professor Daron Acemoglu
Chair: Howard Davies

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. These lectures 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.

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.

This event is free and open to all with no ticket required.  Entry is on a first come, first serve basis. 

For more information, email events@lse.ac.uk , or phone 0207 955 6043.

This lecture is part of a series of three lectures by Professor Acemoglu.  The lecture on Monday 23 February is entitled Institutions and the Prosperity of Nations  and the lecture on Tuesday 24 February is entitled Towards a Theory of Institutions.

Lecture series slides (Powerpoint)