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Richard Townsend and Ting Xu

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published Oct 28th 2016, 6:00 am, by Noah Smith (Bloomberg View) —Back in 2012, Daron Acemoglu — an economist I follow and greatly respect — wrote a paper along with James Robinson and Thierry Verdier claiming to explain why Scandinavian countries are (supposedly) less innovative than the U.S. Acemoglu et

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