Thursday, December 8, 2016

Gregory Clark

Gregory Clark is Chairman of the Department of Economics at the University of California, Davis. His most recent book is A Farewell to Alms: A Brief Economic History of the World.

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Economics 3

Wealth and the Culture of Nations

The central tenet that today's economists attribute to Adam Smith – that good incentives, regardless of culture, produce good results – is wrong. History shows that culture, not institutions, determin… read more

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