Why Nations Fail
Brilliant and engagingly written, Why Nations Fail answers the question that has stumped the experts for centuries; Why are some nations rich and others poor, divided by wealth and poverty, health and sickness, food and famine? 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 and actually keep it; – and this means sound institutions that allow virtuous circles of innovation, expansion and peace.
Based on fifteen years of research, and answering the competing arguments of authors ranging from Max Weber to Jeffrey Sachs and Jared Diamond, Acemoglu and Robinson step boldly into the territory of Francis Fukuyama and Ian Morris. They blend economics, politics, history and current affairs to provide a new, powerful as well as persuasive way of understanding wealth and poverty.
AUTHOR: Daron Acemoglu