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Why Nations Fail

The Origins of Power, Prosperity, and Poverty
Book Hero Magic crafted this summary to help describe this book. While it's new and still learning, it may not be perfect - your feedback is welcome! Summary
Why Nations Fail explores the profound question of why some countries achieve prosperity while others remain mired in poverty. Drawing on fifteen years of original research, Nobel Prize winners Daron Acemoglu and James A. Robinson argue convincingly that it is the political and economic institutions crafted by societies—not culture, geography, or climate—that determine national wealth. Through compelling examples, such as the stark contrast between North and South Korea, and historical evidence from the Roman Empire to the modern day, the authors build a groundbreaking theory of political economy relevant to understanding today’s global challenges.
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Format: Paperback / softback
$6300

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Book Hero Magic created this recommendation. While it's new and still learning, it may not be perfect - your feedback is welcome! IS THIS YOUR NEXT READ?

This book is ideal for readers interested in economics, political science, history, and global development. It will appeal to those seeking a comprehensive, scholarly yet accessible explanation of the forces shaping national prosperity and poverty.

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Based on 15 years of original research, Acemoglu and Robinson marshal extraordinary historical evidence from the Roman Empire, the Mayan city-states, medieval Venice, the Soviet Union, Latin America, England, Europe, the United States, and Africa to build a new theory of political economy with great relevance for the big questions of today.

Book Hero Magic formatted this description to make it easier to read. While it's new and still learning, it may not be perfect - your feedback is welcome! Description

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

Book Details

INFORMATION

ISBN: 9780307719225

Publisher: Crown Currency

Format: Paperback / softback

Date Published: 17 September 2013

Imprint: Crown Currency

Illustration: PHOTO INSERTS AND MAPS

Audience: General / adult

DIMENSIONS

Spine width: 32.0mm

Width: 131.0mm

Height: 203.0mm

Weight: 391g

Pages: 544

About the Author

Daron Acemoglu is the Killian Professor of Economics at MIT. In 2005 he received the John Bates Clark Medal awarded to economists under forty judged to have made the most significant contribution to economic thought and knowledge. He is also the co-author of The Narrow Corridor: States, Societies, and the Fate of Liberty.

James A. Robinson, a political scientist and an economist, is the David Florence Professor of Government at Harvard University. A world-renowned expert on Latin America and Africa, he has worked in Botswana, Mauritius, Sierra Leone, and South Africa. He is also the co-author of The Narrow Corridor: States, Societies, and the Fate of Liberty.

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