I'd say it just is a slightly awkward way of arguing that the chain of causality is beliefs -> institutions -> economic performance.
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perhaps so. But I think it is a much stronger claim that the author realizes. I am certain that de facto property rights in Ming/Qing China had significant economic consequences which were independent of the social culture and political ideology.
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Big Black Box Mark, Really Big Black Box...
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What I mean by that is that this is a "bundling" explanation where it seems that you explain one thing by its results. It seems very weird.
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What do they think institutionalists are saying, that property rights influence growth unmediated by what people think and how they act? I might disagree with North-ians on some points, but I don't claim they ever said THAT.
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Isn’t it about how the ‘rights’ or gains from them are distributed?
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exactly; it's not that property rights don't matter (they may be the only thing that matters) but that variation in property rights is entirely determined by culture
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Every time I think I've read the most R H T Green tweet possible, I read another R H T Green tweet and am corrected.
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I probably wasn't clear enough! I also think culture is an extremely important deep determinant of economic institutions. My problem with the original passage was largely with "insofar".
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Le chargement semble prendre du temps.
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