Why Nations Fail

"Why Nations Fail," a bestseller by Nobel Prize winners Daron Acemoglu and James Robinson, explores the critical role of man-made political and economic institutions in determining the prosperity of nations. Through fifteen years of research, the authors analyze historical examples from around the globe—such as North and South Korea—to argue that factors like culture or geography are not definitive in defining wealth. This ambitious work addresses pressing questions about economic growth and inequality, presenting a compelling theory of political economy that reshapes our understanding of global prosperity.