On 5/21/12 8:52 PM, Lakshmi Rhone wrote:
> There is a paper by CA Bayly who argues that Acemoglu, et al do not
> understand how the hybrid nature of some the institutions in the
> colonial period actually prepared the way for growth in the twentieth
> century. I am sure that Amiya Kumar Bagchi and others would contest
> Bayly's description of the hybrid and capability-enhancing capacities of
> some colonial institutions. Just reading Bayly's paper now.
A FB comment on my article:
Kannan Srinivasan via Jay N Jayaram
Yesterday at 11:57am ยท
Contrary to Diamond's claim below, what makes countries rich or
poor is that some countries steal from others and therefore become rich.
This review ignores the entire basis of colonial extraction.
Productivity in China India and the Middle East was considerably more
than European productivity in the eighteenth century. Nor was
technological progress absent. Today's subsidy driven agriculture in the
United States is an achievement but not entirely one of science. It is
not customary to participate in the work on a book, endorse it and then
review it footnoting this fact does not make any difference. A good book
covering this subject is Amiya Bagchi's Perilous Passage but here I
should say he is my PhD supervisor.
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