Barry Weingast will present findings from a paper he co-authored with Douglass C. North from Washington University and Gary W. Cox from Stanford University. "The Violence Trap: A Political-Economic Approach to the Problems of Development" examines the problems of development – with a billion people mired in poverty and governments resistant to economic reform – economists and political scientists have proposed a wide range of development or poverty traps: self-reinforcing mechanisms that prevent developing countries from embarking on the path of steady development.
Please see attached paper.
Barry R. Weingast is a senior fellow at the Hoover Institution as well as the Ward C. Krebs Family Professor in the Department of Political Science at Stanford University; he served as chair of that department from 1996 to 2001. Weingast is a member of the National Academy of Sciences. He has written extensively on problems of political economy of development, federalism, legal institutions and the rule of law, and democracy. He is co-author of Violence and Social Orders: A Conceptual Framework for Interpreting Recorded Human History (with Douglass North and John Wallis, 2009, Cambridge University Press); editor (with Donald Wittman) The Oxford Handbook of Political Economy (Oxford University Press, 2006); and author (with Douglass North) of "Constitutions and Commitment: The Evolution of Institutions Governing Public Choice in 17th Century England" Journal of Economic History (1989). He has won numerous awards, including the William Riker Prize for scholarly achievement in political science; the James L. Barr Memorial Prize in Public Economics; the Distinguished Scholar Award in Public Policy, Martin School of Public Policy, University of Kentucky, and the Franklin L. Burdette Pi Sigma Alpha Award (with Kenneth Schultz: the American Political Science Association’s prize for the best paper at the annual meetings).