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Why Nations Fail: The Origins of Power, Prosperity, and Poverty

byDaron AcemogluandJames Robinson

Daron Acemoglu and James Robinson ask why some countries become prosperous and democratic while others remain poor or authoritarian. Comparing societies across centuries, they argue that political and economic institutions matter more than geography, culture, or ignorance. Inclusive institutions distribute opportunity and constrain rulers; extractive institutions concentrate power and wealth while blocking innovation. Historical turning points can push nations onto different paths, but outcomes are never automatic. The book offers a broad theory of development centered on political struggle, explaining why elites resist reform and why durable prosperity requires institutions open to participation and creative change.

Publisher

Currency

Publication date

2013

Format

Print edition

Pages

529

ISBN

9780307719225