Daron Acemoglu, James A. Robinson

Why Nations Fail (eBook, ePUB)

FROM THE WINNERS OF THE NOBEL PRIZE IN ECONOMICS: The Origins of Power, Prosperity and Poverty

• Format: ePub

Produktbeschreibung

BY THE NOBEL PRIZE-WINNING ECONOMISTS DARON ACEMOGLU & JAMES A. ROBINSON

Shortlisted for the Financial Times Business Book of the Year Award

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.

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Produktdetails

• Verlag: Profile
• Seitenzahl: 320
• Erscheinungstermin: 8. März 2012
• Englisch
• ISBN-13: 9781847654618
• Artikelnr.: 38357488

Autorenporträt

Daron Acemoglu is the Killian Professor of Economics at MIT. He has received the John Bates Clark Medal in 2005 for his work on political economy and was the winner of the Nobel Prize in Economics in 2024 for his work on global inequality.

James A. Ronson is the Florence Professor of Government at Harvard University, and a world-renowned expert on Latin America and Africa. He received the Nobel Prize in Economics in 2024 for his work on global inequality.

They are the authors of Economic Origins of Dictatorship and Democracy, which won numerous prizes.

Inhaltsangabe

Preface
Why Egyptians filled Tahrir Square to bring down Hosni Mubarak
and what it means for our understanding of the causes of
prosperity and poverty
1. So Close and Yet So Different
Nogales, Arizona, and Nogales, Sonora, have the same people,
culture, and geography. Why is one rich and one poor?
2. Theories That Don't Work
Poor countries are poor not because of their geographies or cultures,
or because their leaders do not know which policies will enrich
their citizens
3. The Making of Prosperity and Poverty
How prosperity and poverty are determined by the incentives
created by institutions, and how politics determines what
institutions a nation has
4. Small Differences and Critical Junctures: The Weight of History
How institutions change through political conflict and how
the past shapes the present
5. "I've Seen the Future, and It Works": Growth Under Extractive
Institutions
What Stalin, King Shyaam, the Neolithic Revolution, and the
Maya city-states all had in common and how this explains why
China's current economic growth cannot last
6. Drifting Apart
How institutions evolve over time, often slowly drifting apart
7. The Turning Point
How a political revolution in 1688 changed institutions in
England and led to the Industrial Revolution
8. Not on Our Turf: Barriers to Development
Why the politically powerful in many nations opposed the
Industrial Revolution
9. Reversing Development
How European colonialism impoverished large parts of the world
10. The Diffusion of Prosperity
How some parts of the world took different paths to prosperity
from that of Britain
11. The Virtuous Circle
How institutions that encourage prosperity create positive feedback
12. The Vicious Circle
How institutions that create poverty generate negative
feedback loops and endure
13. Why Nations Fail Today
Institutions, institutions, institutions
14. Breaking the Mold
How a few countries changed their economic trajectory by
changing their institutions
15. Understanding Prosperity and Poverty
How the world could have been different and how understanding
this can explain why most attempts to combat poverty have failed
Acknowledgments
Bibliographical Essay and Sources
References
Index

Rezensionen

A must-read. Acemoglu and Robinson are intellectual heavyweights of the first rank Guardian