Under the Thumb of History? Political Institutions and the Scope for Action
MIT Department of Economics Working Paper No. 14-02
41 Pages Posted: 22 Jan 2014
Date Written: October 5, 2013
This paper discusses the two leading views of history and political institutions. For some scholars, institutions are mainly products of historical logic, while for others, accidents, leaders, and decisions have a significant impact. We argue that while there is clear evidence that history matters and has long-term effects, there is not enough data to help us distinguish between the two views. Faced with this uncertainty, what is a social scientist to do? We argue that given the possibility that policy decisions indeed make a difference, it makes sense to assume they do and to try to improve policymaking.
Keywords: political economy, determinism
JEL Classification: O1, N30
Suggested Citation: Suggested Citation