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Institutions matter, and they can have consequences that transcend generations, political regimes, and social movements. If these points now resonate widely among economists and political scientists, it’s largely because of the seminal writings of Acemoglu, Johnson, and Robinson.

First day of interviewing prospective #economics candidates at the Cambridge University, together with the wonderful Elisa Faraglia, Seda Basihos, and Rhys Williams, and where better to do it than John Maynard #Keynes' old set (where he lived and worked at King's College, Cambridge) and with a

Análisis de 80 países entre 1990-2019 señala que el aumento del poder de mercado de las empresas conduce a una concentración del poder político, lo que empeora los indicadores institucionales de la democracia: aumenta corrupción y empeoran transparencia y rendición de cuentas.

I am concerned that jailing İmamoglu (Erdogan’s natural rival) is just the beginning of Turkey’s slide into full autocracy. If this truly is the trajectory the country is on, we will see much worse down the line.

“It’s like they’re working from the same playbook.” An expert on modern Turkey talks to Isaac Chotiner about the similarities and differences between Turkish President Recep Tayyip Erdoğan’s authoritarian style and that of Donald Trump. nyer.cm/DrhGeQ6

Now published online (In Press): (Market) power is (political) power! The pressure of declining competition on democracy sciencedirect.com/science/articl…

Are monopolies destroying democracy? New paper by Seda Basihos says yes. Using idiosyncratic firm-level shocks to estimate a causal effect, the increase in markups can explain about a quarter of the global democracy decline. For the US, it's 42%.

The Faculty of Economics is pleased to announce its 2025 Job Market Candidates. A complete list of the JMCs can be found here: econ.cam.ac.uk/people/job-mar… Over the next few days, we will introduce each of them with a tweet on their JMP, plus details of their career and research.