Description
Why Nations Fail: The Origins of Power, Prosperity, and Poverty, first published in 2012, is a book by American economists Daron Acemoglu and James Robinson. It summarizes and popularizes previous research by the authors and many other scientists. Based on the statements of the new institutional economics, Robinson and Acemoglu see in political and economic institutions — a set of rules and enforcement mechanisms that exist in society — the main reason for differences in the economic and social development of different states, considering, that other factors (geography, climate, genetics, culture, religion, elite ignorance) are secondary.
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