They do not offer the limitations of their argument’s explanatory scope which again leaves them vulnerable to a great amount of criticism. They do, however, caveat their story with the limitations of their argument’s predictive scope. This is an very important. Towards the end their section entitled You Can’t Engineer Prosperity, notes that while the ignorance hypothesis has a very simple answer, education, the institutions hypothesis has no such solution. Both the incentives leaders have and the institutions they are (or are not) constrained by will dictate what happens in a country no matter how well educated/economically literate the politically dominant group
They do not offer the limitations of their argument’s explanatory scope which again leaves them vulnerable to a great amount of criticism. They do, however, caveat their story with the limitations of their argument’s predictive scope. This is an very important. Towards the end their section entitled You Can’t Engineer Prosperity, notes that while the ignorance hypothesis has a very simple answer, education, the institutions hypothesis has no such solution. Both the incentives leaders have and the institutions they are (or are not) constrained by will dictate what happens in a country no matter how well educated/economically literate the politically dominant group