Why did I love this book?
What makes nations successful while others fail? I'm not a fan of environmental arguments (most famously found in Jared Diamond's Guns, Germs, and Steel). Instead, Acemoglu and Robinson discuss how political and economic institutions handle innovations. They support their argument with historical case studies – including the Classic Maya and their famous collapse. While I disagree with some specific aspects, I find their argument thought-provoking.
3 authors picked Why Nations Fail as one of their favorite books, and they share why you should read it.
Shortlisted for the Financial Times and Goldman Sachs Business Book of the Year Award 2012.
Why are some nations more prosperous than others? Why Nations Fail sets out to answer this question, with a compelling and elegantly argued new theory: that it is not down to climate, geography or culture, but because of institutions. Drawing on an extraordinary range of contemporary and historical examples, from ancient Rome through the Tudors to modern-day China, leading academics Daron Acemoglu and James A. Robinson show that to invest and prosper, people need to know that if they work hard, they can make money…