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Working Paper
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The arrival of European settlers at the Cape in 1652 marked the beginning of what would become an extremely unequal society. Comparative analysis reveals that certain endowments exist in societies that experience a ‘persistence of inequality’. This paper shows that the emphasis on endowments may be...
Working Paper
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An elite derives its status from its relationship to property, whether physical or human capital. While stable property rights are necessary for everyday business, unstable property rights that result in major institutional changes (such as land reform) may have a positive impact on economic...
Working Paper
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What makes elites developmental instead of predatory? We argue that Mozambique’s elite was developmental at independence 35 years ago. With pressure and encouragement from international forces, it became predatory. It has now partly returned to its developmental roots and is trying to use the state...
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