Kenneth L. Sokoloff

TL;DR: The authors argue that a hemispheric perspective across a wide range of colonies established in the New World by the Europeans suggests that although there were many influences, factor endowments or initial conditions had profound and enduring effects on the long-run paths of institutional and economic development followed by the respective economies.

TL;DR: Engerman et al. as mentioned in this paper argue that the roots of these disparities in the extent of inequality lay indifferences in the initial factor endowments (dating back to the era of European colonization) and that societies that began with more extreme inequality or heterogeneity in the population were more likely to develop institutional structures that greatly benefited members of elite classes by providing them with more political influence and access to economic opportunities.

TL;DR: This paper found that societies with more extreme inequality or heterogeneity in the population were more likely to develop institutional structures that greatly advantaged members of elite classes by providing them with more political influence and access to economic opportunities.

TL;DR: In this article, the authors highlight the relevance of differences in the degree of inequality in wealth, human capital, and political power in accounting for the variation in the records of growth, and suggest that the roots of inequality lay in differences between the initial factor endowments of the respective colonies.

TL;DR: In this paper, the authors highlight the relevance of differences in the degree of inequality in wealth, human capital, and political power in accounting for the variation in the records of growth, and suggest that the roots of inequality lay in differences between the initial factor endowments of the respective colonies.