Footnotes

1)      Daron Acemoglu and James Robinson; “Why Nations Fail”; Crown Publishers, New York; 2012.

      

2)      Acemoglu and Robinson, p. 81. (The authors’ arguments are novel and careful, so we reference them in detail.)

 

3)      Ibid, p. 81.

 

4)      Ibid, p. 19.

 

5)      Ibid, p. 19.

 

6)      Ibid, p. 23.

 

7)      Ibid, p. 26.

 

8)      Ibid, p. 27.

 

       8a)

 

In a Bloomberg 11/11/12 article, Colin Woodard suggests that the U.S. contains at least eleven (or more) regional cultures that included the communitarian Yankee Puritans of the Northeast that believe in the efficacy of public institutions (like universities) and the people of Appalachia, who were “…rough bellicose settlers from the war-ravaged borderlands of Northern Ireland, northern England and the Scottish lowlands, whose cultures included a warrior ethic and deep commitments to individual liberty. If Yankee ideology seeks to make a community free of tyrants, Appalachia’s sticks up for each person’s freedom to become a tyrant.” (This sounds extreme, but may contain a grain of truth. He also mentions the culture of the Far West whose colonists in the 19th century, “…had, almost by necessity, a libertarian streak”.)

 

What unifies the many U.S. cultures is a distinctive American way of doing things, that we shall discuss later.

        

9)      Ibid, p. 28.

 

10)  Ibid, p. 84.

 

11)  Ibid, p. 86.

 

12)  The authors’ treatment of England’s Glorious Revolution of 1688, that modernized the English state, mentions mainly events. They do not mention the crucial element of social trust that enables civil society, political coalitions, and economic bargaining. This is the social basis of the Pareto curve.

 

13)  Thomas Ertman; “The Birth of the Leviathan”; Cambridge University Press, Cambridge; 1997; p. 159.

 

14)  The English essentially out-organized France. The French revolution of 1789 was caused by the inability of the French state to effect fiscal reforms under Louis XVI. The French state was burdened by debts incurred by its continental commitments, by those incurred during the American revolution, and by the non-cooperation of its elites, Schama (1989).  

 

15)  Acemoglu and Robinson, p. 333.

 

 

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