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Additional Physical Format: | Online version: Acemoglu, Daron. Why nations fail. (OCoLC)1085907951 |
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Material Type: | Internet resource |
Document Type: | Book, Internet Resource |
All Authors / Contributors: |
Daron Acemoglu; James A Robinson |
ISBN: | 9780307719218 0307719219 0307719227 9780307719225 1846686105 9781846686108 |
OCLC Number: | 729065001 |
Awards: | Winner of Total Politics Political Book Awards 2013 (UK) Short-listed for Financial Times/Goldman Sachs Business Book of the Year Award 2012 (UK) |
Description: | 529 pages, 16 unnumbered pages of plates : illustrations, maps ; 25 cm |
Contents: | 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 loops that prevent the efforts by elites to undermine them -- 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. |
Responsibility: | Daron Acemoglu and James A. Robinson. |
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Publisher Synopsis
You will have three reasons to love this book. It's about national income differences within the modern world, perhaps the biggest problem facing the world today. It's peppered with fascinating stories that will make you a spellbinder at cocktail parties - such as why Botswana is prospering and Sierra Leone isn't . And it's a great read. Like me, you may succumb to reading it in one go, and then you may come back to it again and again. -- Jared Diamond, Pulitzer-prize-winning author of bestselling books including 'Guns, Germs, and Steel' and 'Collapse' For those who think that a nation's economic fate is determined by geography or culture, Daron Acemoglu and Jim Robinson have bad news. It's man-made institutions, not the lay of the land or the faith of our forefathers, that determine whether a country is rich or poor. Synthesizing brilliantly the work of theorists from Adam Smith to Douglass North with more recent empirical research by economic historians, Acemoglu and Robinson have produced a compelling and highly readable book. And their conclusion is a cheering one: the authoritarian "extractive" institutions like the one's that drive growth in China today are bound to run out of steam. Without the inclusive institutions that first evolved in the West, sustainable growth is impossible, because only a truly free society can foster genuine innovation and the creative destruction that is its corollary. * Niall Ferguson, author of 'The Ascent of Money' * This fascinating and readable book centers on the complex joint evolution of political and economic institutions, in good directions and bad. It strikes a delicate balance between the logic of political and economic behavior and the shifts in direction created by contingent historical events, large and small at 'critical junctures'. Acemoglu and Robinson provide an enormous range of historical examples to show how such shifts can tilt toward favorable institutions, progressive innovation and economic success or toward repressive institutions and eventual decay or stagnation. Somehow they can generate both excitement and reflection. -- Robert Solow, Nobel Laureate in Economics It's the politics, stupid! That is Acemoglu and Robinson's simple yet compelling explanation for why so many countries fail to develop. From the absolutism of the Stuarts to the antebellum South, from Sierra Leone to Colombia, this magisterial work shows how powerful elites rig the rules to benefit themselves at the expense of the many. Charting a careful course between the pessimists and optimists, the authors demonstrate history and geography need not be destiny. But they also document how sensible economic ideas and policies often achieve little in the absence of fundamental political change. * Dani Rodrik, Kennedy School of Government, Harvard Universitry * Two of the world's best and most erudite economists turn to the hardest issue of all: why are some nations poor and others rich? Written with a deep knowledge of economics and political history, this is perhaps the most powerful statement made to date that 'institutions matter.' A provocative, instructive, yet thoroughly enthralling book. -- Joel Mokyr, Robert H. Strotz Professor of Arts and Sciences and Professor of Economics and History, Northwestern University Imagine sitting around a table listening to Jared Diamond, Joseph Schumpeter, and James Madison reflect on over two thousand years of political and economic history. Imagine that they weave their ideas into a coherent theoretical framework based on limiting extraction, promoting creative destruction, and creating strong political institutions that share power and you begin to see the contribution of this brilliant and engagingly written book. -- Scott E. Page, University of Michigan and Santa Fre Institute In this stunningly wide ranging book Acemoglu and Robinson ask a simple but vital question, why do some nations become rich and others remain poor? Their answer is also simple -- because some polities develop more inclusive political institutions. What is remarkable about the book is the crispness and clarity of the writing, the elegance of the argument, and the remarkable richness of historical detail. This book is a must read at a moment where governments right across the western world must come up with the political will to deal with a debt crisis of unusual proportions. -- Steve Pincus, Bradford Durfee Professor of History and International and Area Studies, Yale University Acemoglu and Robinson -- two of the world's leading experts on development -- explain why it is not geography, disease, or culture which explains why some nations are rich and some poor, but rather a matter of institutions and politics. This highly accessible book provides welcome insight to specialists and general readers alike. -- Francis Fukuyama Read more...
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Related Subjects:(16)
- Economics -- Political aspects.
- Economic history -- Political aspects.
- Poverty -- Developing countries.
- Economic development -- Developing countries.
- Revolutions -- Economic aspects.
- Developing countries -- Economic policy.
- Developing countries -- Social policy.
- Economic development.
- Economic policy.
- Poverty.
- Social policy.
- Developing countries.
- Wirtschaftsentwicklung
- Wirtschaftspolitik
- Entwicklungsländer
- Industriestaaten
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