Rise and Decline of Nations

Description:

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.

subjects: Caste,  Economic development,  Economics,  Effect of inflation on,  Unemployment,  business associations,  collective action,  economic policy,  labor unions,  macroeconomic theory,  Stagflation,  Wirtschaft,  Politologie,  Internationaler Vergleich,  Wirtschaftswachstum,  Ökonomische Theorie der Politik,  Wirtschaftsentwicklung,  Ökonomische Theorien,  Wirtschaftssoziologie,  Labor supply

People: John Keynes,  Milton Freedman

Places: America,  China,  England,  Germany,  India,  Japan,  The Common Market,  Indien

Times: business associations,  collective action,  economic policy,  labor unions,  macroeconomic theory,  unemployment