School of Business and Industry

Faculty Research Spotlight: Dr. Dennis Ridley

In The Mystery of Wealth by Dennis Ridley, PhD (and Andrea Nelson, JD), the author presents a macroeconomic framework (the “CDR” model: Capitalism, Democracy, Rule of Law) to explain why some nations grow rich while others remain poor. Ridley argues that — more than natural resources or geography — it’s the presence (or lack) of these three institutional pillars that largely determines a country’s economic success, making wealth and poverty the outcomes of policy choices and political-economic structure rather than random luck. The book thus demystifies wealth at a nation-state level, showing that stable institutions and good governance are the true drivers of prosperity. Read More >>

Faculty Research Spotlight: Dr. Dennis Ridley

The “Rule of Law Paradox” lies in the fact that although rule of law is often thought of as a structural/institutional attribute of society, its very foundation rests on a deeper, more intangible and often fragile human phenomenon: collaboration. Read More >>