Why Nations Fail
The Origins of Power, Prosperity, and Poverty
by Daron Acemoglu, James Robinson
4/5
Crown Business 544 pages September 17, 2013
Two MIT economists argue that the wealth and poverty of nations is determined not by geography, culture, or ignorance, but by the nature of their political and economic institutions. Inclusive institutions create prosperity; extractive ones create poverty. A sweeping theory backed by centuries of evidence.
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Jim's Review
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Acemoglu and Robinson crack the code on why some countries thrive and others don't — and the answer is all about institutions. Once you read this, you'll never look at global inequality the same way. Jim was fascinated by the comparison of Nogales, Arizona and Nogales, Mexico — same geography, same culture, wildly different outcomes. It's ambitious, well-argued, and genuinely eye-opening. Four worms — economics that actually explains the world.
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