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."