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Dedman College of Humanities and Sciences Dedman College Research Economics Faculty News

Ömer Özak, Economics, can a nation’s soil explain its economic fortunes?

The Atlantic

..Two economics researchers, Brown’s Oded Galor and Southern Methodist University’s Ömer Özak, recently published an ambitious paper reminiscent of Diamond’s work. Like Diamond, they make an argument that is so simple and intuitive that it at first glance appears reductive: People whose ancestors come from places with richer harvests are more likely to appreciate the benefits of long-term thinking. Essentially, the theory suggests that because people who lived in especially fertile areas had more reason to believe that patience pays off, they came to create cultures that are okay with delaying gratification… READ MORE

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