Why Nations Fail is a masterpiece of historical study. It describes the causes of the failure and prosperity of a dozen countries in the world. To some extent the book reviews and rebukes, through counterexamples, well-settled theories that focus on geography, resources, tech coincidences etc. Alternatively, its thesis concentrates on the value of inclusive political and economic institutions, conjoined with states powerful enough to enact state rules. The authors scrutinize examples from almost every continent, by taking into consideration countries such as the US, China, Mexico, Argentina, South Africa, France, England, Germany, Russia, Japan, and many, many more.
I don’t want to spoil the plot but in my opinion, the last chapter is the best. It summarises the findings, warns about policy pitfalls and suggests paths forward.
Why Nations Fail: The Origins of Power, Prosperity, and Poverty
by Daron Acemoglu
Complexity of ideas
Size: 544 pages
Additional information and reviews on Goodreads: https://www.goodreads.com/book/show/12158480-why-nations-fail