Why Nations Fail: The Origins of Power, Prosperity and Poverty


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 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 and persuasive way of understanding wealth and poverty.

Amazon.co.uk Price: £10.75 (as of 23/07/2021 09:25 PST- Details)

Shortlisted for the Monetary Occasions and Goldman Sachs Enterprise E-book of the Yr Award 2012.Why are some nations extra affluent than others? Why Nations Fail units out to reply this query, with a compelling and elegantly argued new principle: that it isn’t all the way down to local weather, geography or tradition, however due to establishments. Drawing on a rare vary of latest and historic examples, from historic Rome by way of the Tudors to modern-day China, main teachers Daron Acemoglu and James A. Robinson present that to speculate and prosper, folks must know that in the event that they work exhausting, they’ll earn money and really maintain it – and this implies sound establishments that enable virtuous circles of innovation, growth and peace.Primarily based on fifteen years of analysis, and answering the competing arguments of authors starting from Max Weber to Jeffrey Sachs and Jared Diamond, Acemoglu and Robinson step boldly into the territory of Francis Fukuyama and Ian Morris. They mix economics, politics, historical past and present affairs to offer a brand new, highly effective and persuasive means of understanding wealth and poverty.

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