Institutions, development economics and modernization theory - - professor James Robinson

Our guest is James Robinson. He is the University Professor and institute director of The Pearson Institute for the Study and Resolution of Global Conflicts at the University of Chicago. We talked about "Why Nations Fail", the current state of development economics, why economists started writing books, modernization theory, coauthorship with Daron Acemoglu, why British universities are lagging behind American ones, and whether Milton Friedman is overrated.