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Consider the model of Acemoglu and Robinson. Which statement is incorrect ? During a revolution, a greater frequency of subsequent revolutions hinders the elite Democracy
Consider the model of Acemoglu and Robinson. Which statement is incorrect?
- During a revolution, a greater frequency of subsequent revolutions hinders the elite
- Democracy is a commitment device for the elite
- The elite can always avoid revolutions by making concessions
- The missing market for the gains from democracy hinders a peaceful transition in North Korea
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Macroeconomics
Authors: Stephen D. Williamson
6th Edition
013447211X, 134472119, 978-0134472119
