This is a provocative bestseller that explains why the world is divided into nations with wildly differing levels of prosperity. Why are some nations more prosperous than others? ” Why Nations Fail” sets out to answer this question, with a compelling & 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 & historical examples, from ancient Rome through the Tudors to modern-day China, leading academics Daron Acemoglu & James A. Robinson show that to invest & prosper, people need to know that if they work hard, they can make money & actually keep it
- & this means sound institutions that allow virtuous circles of innovation, expansion & peace. Based on fifteen years of research, & answering the competing arguments of authors ranging from Max Weber to Jeffrey Sachs & Jared Diamond, Acemoglu & Robinson step boldly into the territory of Francis Fukuyama & Ian Morris. They blend economics, politics, history & current affairs to provide a new, powerful & persuasive way of understanding wealth & poverty.