Why Nations Fail by Daron Acemoglu • prosperity • economic institutions

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book cover of Why Nations Fail by Daron Acemoglu - Prosperity

politics ● economy ● civilisation

Recommendation 4 / 5

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…