Daron Acemoglu, James A Robinson, Thierry Verdier, Wednesday, November 21, 2012 - 00:00

Amid the current economic slowdown there is renewed interest in what type of capitalism fosters growth and best improves welfare. This column argues Nordic-style capitalism may provide higher welfare but in an interconnected world, it may be the cut-throat US capitalism, with its extant inequalities, that makes possible the existence of more cuddly Nordic societies.

CEPR Policy Research