Erald Kolasi
Macro N Cheese
Ep 362 - Debunking the Institutional Theory of Economic Development with Erald Kolasi
- Published
- January 10, 2026
- Duration
- 1h 23m
- Summary source
- description
- Last updated
- Aug 23, 2026
Discusses Steve welcomes back Erald Kolasi, physicist-economist, author, and friend of the podcast. Erald is h…
Summary
Steve welcomes back Erald Kolasi, physicist-economist, author, and friend of the podcast. Erald is here to do a demolition job on “institutional” development fables like Acemoglu & Robinson’s Why Nations Fail. He argues that by treating good institutions as the master key (inclusive vs. extractive) they smuggle in a liberal moral scoreboard while dodging …
Intelligent Report
Sign in to read teasers, or upgrade to Research Pro to commission intelligent report for this episode. Learn more →
Show notes
Steve welcomes back Erald Kolasi, physicist-economist, author, and friend of the podcast. Erald is here to do a demolition job on “institutional” development fables like Acemoglu & Robinson’s Why Nations Fail. He argues that by treating good institutions as the master key (inclusive vs. extractive) they smuggle in a liberal moral scoreboard while dodging the real motors of history: power, class struggle, imperial systems, and material constraints like energy, trade dependence, war, and ecologica