Construct · 1 fields · 1 citations

reversal of fortune: a standalone construct

One name. One construct. A landmark on the map.

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Economic history

the finding that former colonies that were richest around 1500 are relatively poorer today, explained by the institutions colonizers imposed.

In economic history, reversal of fortune refers to the finding that former colonies that were richest around 1500 are relatively poorer today, explained by the institutions colonizers imposed. This meaning comes from Acemoglu (2002) in The Quarterly Journal of Economics.[1]

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Nearby constructs

anagnorisis1 fields · 2 citationsanchor · a standalone construct reversal2 fields · 3 citationsjingle · one word, two constructs

References

Acemoglu, D., Johnson, S., & Robinson, J. A. (2002). Reversal of Fortune: Geography and Institutions in the Making of the Modern World Income Distribution. The Quarterly Journal of Economics, 117(4), 1231-1294. https://doi.org/10.1162/003355302320935025

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