Why this book?
This is a bestselling book that tackles the most important question in economics: why some countries are rich, and some are poor.
This well-written and convincing book provides a very broad and accessible overview of history of successful and failing societies. It argues that inclusive democratic institutions deliver better economic outcomes than authoritarian ones.
Given that this view is based on recent research in political economy and development economics – including the authors’ own groundbreaking work – this is a must-read for all advocates of liberal democracy who want to have quantitative arguments and historical narratives to stand up to the rise of authoritarianism around the world.
I teach political economy of development. My job is to explain to the students why some countries are rich and others are poor.
Acemoglu and Robinson is a wonderful and accessible textbook. Students love it – even if they often argue with the book’s interpretations of their own countries’ histories. The debates with students about these issues are what makes my teaching so exciting.
Why Nations Fail: The Origins of Power, Prosperity, and Poverty
Why should I read it?
3 authors picked Why Nations Fail as one of their favorite books, and they share why you should read it.
What is this book about?
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…
- Coming soon!