Description
Shortlisted for the Financial Times and Goldman Sachs Business Book of the Year Award 2012, Why Nations Fail addresses the question: why are some nations more prosperous than others? The book presents a compelling new theory that prosperity is not determined by climate, geography, or culture, but by the quality of institutions. Drawing on a wide range of historical and contemporary examples, from ancient Rome to modern China, authors Daron Acemoglu and James A. Robinson argue that for people to invest and thrive, they must believe that hard work will lead to financial success—and that they can keep what they earn. This requires strong institutions that foster innovation, growth, and stability.




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