... institutions tend to be friendly to labor: theyresult in higher wages and a larger factor share for labor. In other words, they enhance the bargaining power of workers relative to employers. And they do ... more attention over the years. Thinking on this subject, in one formor another, goes all the way back to Plato—who favored aristocracy to democracy and haspreoccupied many of the most fertile ... Adam, and Fernando Limongi, “Political Regimes and Economic Growth,” The Journal of Economic Perspectives, Summer 1993, 51-69.Rodrik, Dani, “Understanding Economic Policy Reform,” Journal of Economic...