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Why Nations Fail The Origins of Power Prosperity & Poverty
Why Nations Fail The Origins of Power Prosperity & Poverty
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NEW YORK TIMES AND WALL STREET JOURNAL BESTSELLER • From two winners of the 2024 Nobel Prize in Economic Sciences, “who have demonstrated the importance of societal institutions for a country’s prosperity”
“A wildly ambitious work that hopscotches through history and around the world to answer the very big question of why some countries get rich and others don’t.”—The New York Times
FINALIST: Financial Times and Goldman Sachs Business Book of the Year Award • ONE OF THE BEST BOOKS OF THE YEAR: The Washington Post, Financial Times, The Economist, BusinessWeek, Bloomberg, The Christian Science Monitor, The Plain Dealer
Why are some nations rich and others poor, divided by wealth and poverty, health and sickness, food and famine? Is it culture, the weather, or geography that determines prosperity or poverty? As Why Nations Fail shows, none of these factors is either definitive or destiny.
Drawing on fifteen years of original research, Daron Acemoglu and James Robinson conclusively show that it is our man-made political and economic institutions that underlie economic success (or the lack of it). Korea, to take just one example, is a remarkably homogenous nation, yet the people of North Korea are among the poorest on earth while their brothers and sisters in South Korea are among the richest. The differences between the Koreas is due to the politics that created those two different institutional trajectories. Acemoglu and Robinson marshal extraordinary historical evidence from the Roman Empire, the Mayan city-states, the Soviet Union, the United States, and Africa to build a new theory of political economy with great relevance for the big questions of today, among them:
• Will China’s economy continue to grow at such a high speed and ultimately overwhelm the West?
• Are America’s best days behind it? Are we creating a vicious cycle that enriches and empowers a small minority?
“This book will change the way people think about the wealth and poverty of nations . . . as ambitious as Jared Diamond’s Guns, Germs, and Steel.”—BusinessWeek
Review
“. . . bracing, garrulous, wildly ambitious and ultimately hopeful. It may, in fact, be a bit of a masterpiece.”—The Washington Post
“This is an intellectually rich book that develops an important thesis with verve. It should be widely read.”—Financial Times
“Why Nations Fail is a splendid piece of scholarship and a showcase of economic rigor.”—The Wall Street Journal
“The main strength of this book is beyond the power of summary: it is packed, from beginning to end, with historical vignettes that are both erudite and fascinating.”—The Observer (UK)
“A brilliant book.”—Bloomberg
“Why Nations Fail is a wildly ambitious work that hopscotches through history and around the world to answer the very big question of why some countries get rich and others don’t.”—The New York Times
“A wonderfully readable mix of history, political science, and economics, this book will change the way we think about economic development.”—Steven Levitt, coauthor of Freakonomics
“Without the inclusive institutions that first evolved in the West, sustainable growth is impossible, because only a truly free society can foster genuine innovation and the creative destruction that is its corollary.”—Niall Ferguson, author of The Ascent of Money
- Publisher : Crown; Reprint edition (September 17, 2013)
- Language : English
- Paperback : 560 pages
- ISBN-10 : 0307719227
- ISBN-13 : 978-0307719225
- Lexile measure : 1300L
- Item Weight : 14.4 ounces
- Dimensions : 5.1 x 1.2 x 8 inches
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