The Rise and Decline of Nations: Economic Growth, Stagflation, and Social Rigidities

The Rise and Decline of Nations

Economic Growth, Stagflation, and Social Rigidities

1982 • 292 pages

Explores the relation between economic development and collective action, hypothesizing that small collectives are dynamic and flexible enough to quickly react to changes, encouraging economic development, while large collectives are slow and inflexible when faced with change, leading to economic decline.


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