David Albouy recently posted a new (Feb ’08) version of his critique of Acemoglu, Johnson, and Robinson’s 2001 AER paper that used European settler mortality rates as an instrument for modern institutional quality.

I haven’t had time to read through the back-and-forth exchanges to form my own judgment. Has any third party summarised the dispute and commented? Albouy is revising and resubmitting at AER, so at least some of his claims must be plausible, huh?