{"id":2517,"date":"2020-01-27T17:46:34","date_gmt":"2020-01-27T22:46:34","guid":{"rendered":"http:\/\/sites.williams.edu\/cdealumniresources\/?p=2517"},"modified":"2020-01-27T17:51:34","modified_gmt":"2020-01-27T22:51:34","slug":"blog-kremers-o-ring-theory-of-economic-development","status":"publish","type":"post","link":"https:\/\/sites.williams.edu\/cdealumniresources\/content-type\/blog-kremers-o-ring-theory-of-economic-development\/","title":{"rendered":"Blog: &#8220;Kremer\u2019s O-ring theory of economic development&#8221;"},"content":{"rendered":"<h1>\n\t\t<a href=\"https:\/\/jasoncollins.blog\/2013\/01\/11\/kremers-o-ring-theory-of-economic-development\/\" title=\"&quot;Kremer\u2019s O-ring theory of economic development\u201d\" target=\"_blank\" rel=\"noopener noreferrer\">\n\t\t&#8220;Kremer\u2019s O-ring theory of economic development\u201d\n\t\t<\/a>\n\t<\/h1>\n<h3>\n\t\tPost by Jason Collins\n\t<\/h3>\n<h5>\n\t\t<a href=\"https:\/\/unsplash.com\/license\" title=\"Unsplash.com\" target=\"_blank\" rel=\"noopener noreferrer\">\n\t\tUnsplash.com\n\t\t<\/a>\n\t<\/h5>\n\t<strong>Originally posted on January 11, 2013.<br \/>\n<\/strong>\n<p>&nbsp;<\/p>\n<p>In this blog post, economist Jason Collins provides a short analysis of Michael Kremer\u2019s 1993 paper on the \u201cO-ring theory of development,\u201d in which an otherwise good process shuts down because of an error in a single component, much as the malfunctioning of the single component of the o-ring in the <em>Challenger<\/em> spaceship caused it to explode.<\/p>\n\t\t\t<a href=\"https:\/\/jasoncollins.blog\/2013\/01\/11\/kremers-o-ring-theory-of-economic-development\/\" target=\"_blank\" role=\"button\" rel=\"noopener noreferrer\">\n\t\t\t\t\t\t\tRead the blog post\n\t\t\t<\/a>\n\t<p><strong>Related Content:<\/strong><\/p>\n<p><a href=\"http:\/\/sites.williams.edu\/cdealumniresources\/browse-by-content-type\/full-article-the-o-ring-theory-of-economic-development\/\">Kremer&#8217;s O-ring theory academic article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Economist Jason Collins provides a short analysis of Michael Kremer\u2019s 1993 paper on the \u201cO-ring theory of development,\u201d a suggestion for why development might break down when just one component fails.<\/p>\n","protected":false},"author":2197,"featured_media":2442,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"tpl-full-width.php","format":"standard","meta":{"_acf_changed":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[61,60,98,99,89,102],"tags":[203,578,556,579],"class_list":["post-2517","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blogs","category-content-type","category-labor-markets-and-migration-browse-by-research-topic","category-macroeconomics-and-growth-browse-by-research-topic","category-browse-by-research-topic","category-technology-and-innovation-browse-by-research-topic","tag-macroeconomics-and-growth","tag-noble-2019","tag-o-ring-theory","tag-theory"],"acf":[],"_links":{"self":[{"href":"https:\/\/sites.williams.edu\/cdealumniresources\/wp-json\/wp\/v2\/posts\/2517","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sites.williams.edu\/cdealumniresources\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sites.williams.edu\/cdealumniresources\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sites.williams.edu\/cdealumniresources\/wp-json\/wp\/v2\/users\/2197"}],"replies":[{"embeddable":true,"href":"https:\/\/sites.williams.edu\/cdealumniresources\/wp-json\/wp\/v2\/comments?post=2517"}],"version-history":[{"count":4,"href":"https:\/\/sites.williams.edu\/cdealumniresources\/wp-json\/wp\/v2\/posts\/2517\/revisions"}],"predecessor-version":[{"id":2521,"href":"https:\/\/sites.williams.edu\/cdealumniresources\/wp-json\/wp\/v2\/posts\/2517\/revisions\/2521"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sites.williams.edu\/cdealumniresources\/wp-json\/wp\/v2\/media\/2442"}],"wp:attachment":[{"href":"https:\/\/sites.williams.edu\/cdealumniresources\/wp-json\/wp\/v2\/media?parent=2517"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sites.williams.edu\/cdealumniresources\/wp-json\/wp\/v2\/categories?post=2517"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sites.williams.edu\/cdealumniresources\/wp-json\/wp\/v2\/tags?post=2517"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}