Why Nations Fail
FROM THE WINNERS OF THE NOBEL PRIZE IN ECONOMICS: The Origins of Power, Prosperity and Poverty
(Autor) Daron AcemogluShortlisted 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.
Daron Acemoglu
Daron Acemoglu is a Turkish-American economist and author known for his groundbreaking work in the field of political economy and development economics. He is the Elizabeth and James Killian Professor of Economics at the Massachusetts Institute of Technology.
Acemoglu's most notable work is the book "Why Nations Fail: The Origins of Power, Prosperity, and Poverty," co-authored with James A. Robinson. In this book, they explore the role of political institutions in shaping economic outcomes and argue that inclusive political institutions are crucial for sustainable economic development.
Acemoglu's writing style is characterized by rigorous analysis and a clear, accessible presentation of complex ideas. His work has had a significant impact on the study of political economy and development economics, influencing scholars and policymakers alike.
Overall, Daron Acemoglu's contributions to literature have been instrumental in advancing our understanding of the relationship between politics, economics, and societal outcomes.
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