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Presidential Greatness: An Analysis of FDR’s Presidency Presidential greatness has many aspects, but it primarily means demonstrating effective, inspiring, visionary, and transformational leadership in times of great challenge and crisis. There have been many effective presidents, but there have only been a few great presidents because simply being effective and successful does not make one a great president. The distinction between presidential effectiveness and presidential greatness is

INSTITUTIONS AS A FUNDAMENTAL CAUSE OF LONG-RUN GROWTH DARON ACEMOGLU 1 , Department of Economics, MIT, 50 Memorial Drive E52-3806, Cambridge, MA 02142 e-mail: damn@mit.edu SIMON JOHNSON Sloan School o f h f a ~ g e m e n t , MIT, 50 Memorial Drive, Cambridge, MA 02142 e-mail: sjohnson@mit.edu JAMES A. ROBINSON Deparhnent of Government, WCFIA, Harvard University, 1033 Massachusetts Avenue, Cambridge, MA 02138 e-mail: jmbinson@gov.harvard.edu Contents Abstract Keywords 1. Introduction

NBER WORKING PAPER SERIES INSTITUTIONS AS THE FUNDAMENTAL CAUSE OF LONG-RUN GROWTH Daron Acemoglu Simon Johnson James Robinson Working Paper 10481 http://www.nber.org/papers/w10481 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 May 2004 Prepared for the Handbook of Economic Growth edited by Philippe Aghion and Steve Durlauf. We thank the editors for their patience and Leopoldo Fergusson, Pablo Querubín and Barry Weingast for their helpful suggestions. The