Lala Muradova Huseynova Why nations fail? One of the premises of the book is that only working in tandem these institutions bring about growth and. Brilliant and engagingly written, Why Nations Fail answers the question that has stumped the experts for centuries: Why are some nations rich and others poor. Editorial Reviews. soundofheaven.info Review. Guest Reviewer: Charles C. Mann on Why Nations Fail Charles C. Mann, a correspondent for The Atlantic, Science.
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“This important and insightful book, packed with historical examples, makes . Why nations fail: the origins of power, prosperity, and poverty / Daron. Acemoglu . Why Nations Fail: The Origins of Power,. Prosperity, and Poverty. DARON ACEMOGLU and JAMES A. ROBINSON. Profile Books, London, UK, , pp. Why Nations Fail: The Origins of Power, Prosperity and Poverty. Daron Acemoglu and James Robinson bring the big picture back into focus. In Why Nations Fail, an ambitious.
Landes, David. Not Available Not Available. Poor Economics: The authors of this book take an entirely different approach. The differences between the Koreas is due to the politics that created these completely different institutional trajectories. Why Nations Fail is full of astounding stories.
Two centuries from now our great-great-. It explains huge swathes of human history. It is equally at home in Asia, Africa and the Americas. It is fair to left and right and every flavor in between. It illuminates the past as it gives us a new way to think about the present. It is that rare book in economics that convinces the reader that the authors want the best for ordinary people.
It will provide scholars with years of argument and ordinary readers with years of did-you-know-that dinner conversation. It has some jokes, which are always welcome. It is an excellent book and should be purchased forthwith, so to encourage the authors to keep working. 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.
Somehow they can generate both excitement and reflection. 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.
Acemoglu and Robinson lay out a convincing theory of almost everything to do with economic development. Countries rise when they put in place the right pro-growth political institutions and they fail—often spectacularly—when those institutions ossify or fail to adapt. Powerful people always and everywhere seek to grab complete control over government, undermining broader social progress for their own greed.
Keep those people in check with effective democracy or watch your nation fail. The book reviews how some good regimes got launched and then had a virtuous spiral, while bad regimes remain in a vicious spiral. This is important analysis not to be missed. Through a broad multiplicity of historical examples, they show how institutional developments, sometimes based on very accidental circumstances, have had enormous consequences.
This highly accessible book provides welcome insight to specialists and general readers alike. With the same perspicacity and with the same broad historical perspective, Daron Acemoglu and James Robinson have re-tackled this same question for our own times. Two centuries from now our great-great-…-great grandchildren will be, similarly, reading Why Nations Fail. 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. More originally, they argue countries are more likely to develop the right institutions when they have an open pluralistic political system with competition for political office, a widespread electorate, and openness to new political leaders.
This intimate connection between political and economic institutions is the heart of their major contribution, and has resulted in a study of great vitality on one of the crucial questions in economics and political economy.
And here, in this book, these insights come in a highly accessible, indeed riveting form. Those who pick this book up and start reading will have trouble putting it down. Let tyrants everywhere tremble! Their answers are profound, lucid, and convincing. See all Editorial Reviews. Product details File Size: Currency; 1 edition March 20, Publication Date: March 20, Sold by: English ASIN: Enabled X-Ray: Book Series.
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Top Reviews Most recent Top Reviews. There was a problem filtering reviews right now. Please try again later. Hardcover Verified Purchase. The two books however are entirely different in the way they answer the fundamental question as this is why nations fail. He cites many examples but the main ones he concentrates upon are Lowland Classic Maya of Central America, the Western Roman Empire, and the collapse of the Chacoan civilization of northern New Mexico. He argues that States ruling without competition compared with those ruling in polities of equal strength, leads him to the conclusion that collapse can only occur in a power vacuum.
The authors of this book take an entirely different approach. Their arguments are primarily ones which are based on economical and political institutions. They firmly reject that there are arguments that the reasons nations fail are due to geographic, cultural or ignorance. The following is a summary of the contents of this book, which I will comment on later: Why is one rich and one poor?
The interests of narrow elites and the long agony of the Congo.
The Black Death, the contingent path of history. First of all the state must be sufficiently centralized that its rulers and ruling elite can actually govern it. The authors use the establishment of the North American colonies which was a century later than that of Latin America to describe how those colonists found it extremely difficult to exploit the local population and had to be self sufficient for their own survival.
The slow development of a larger more wealthy portion of the English populations led to the English Civil War, and the eventual establishment of a more constitutional monarchy. This is described in some detail in Chapter 7 and showed how Britain and subsequently the US industrialized and slowly established more and more inclusive institutions which are so important for the development of their modern democracies.
The difficulty I have with this book is that the authors are unable to offer solutions to dealing with the problems of failed states. What is the purpose of creative destruction when it can also destroy the foundations of a developing state?.
And I agree with the proposition that you cannot legislate prosperity. I think, however, that the authors are being somewhat optimistic in arguing that current success stories will actually lead to long term success. What is interesting about the book is the there is little or no discussion on the impact of religion on the development of the state which is probably just as well, because once you can get on that topic then you enter the realm of beliefs and articles of faith, and any possibility of reasoned analysis tends to be glossed over as irrelevant.
I found this book to be very readable and the arguments in support of their thesis very easy to follow. But as they say, economics is a dismal science and there are indeed few heroes and many villains in this account. I can understand why this book has been so well received, because it is provides strong justification as to why the western democracies have been so successful.
I would certainly recommend it to other readers who have similar interests to my own. I give it 5 stars. I find the topic utterly fascinating: They attempt to support their thesis by undertaking a very broad review of economic and historical developments in a spectrum of 30 or so countries. One is relatively prosperous, the other not so. It is a good start, and later in the book, the author uses the two Koreas. For sure, if one establishes a situation in which individuals have incentives to produce they will work harder.
So, why is this concept not universally embraced, by corporations and countries? After I left, the owner immediately eliminated it, though he would pontificate on the needs for economic incentives for himself! His outlook was rigid: Likewise, as a counterpoint, there was a good description on how Botswana became the most prosperous country in sub-Sahara Africa. Over and over again the details of the history of a country were included, generally correctly, but for no apparent reason in terms of supporting their thesis.
And I dare say that if the redundancies were eliminated by a good editor, a hundred pages would be shaved off the book. And then there were the sins of omission. Several readily sprung to mind: Totally omitted. Originally posted on February 13, via the Vine program; reposted on August 18, ].
See all reviews. Amazon Giveaway allows you to run promotional giveaways in order to create buzz, reward your audience, and attract new followers and customers. Learn more about Amazon Giveaway. This item: Why Nations Fail: The Origins of Power, Prosperity, and Poverty. Set up a giveaway. What other items do customers buy after viewing this item?
Guns, Germs, and Steel: Jared Diamond. Yuval Noah Harari. Thinking, Fast and Slow Kindle Edition.
Daniel Kahneman. Customers who viewed this item also viewed. The Great Convergence. Richard Baldwin. One big strand of literature e. Ross, ; Smith, contends that the oil wealth of resource rich developing countries has a robust negative correlation with authoritarianism.
The presence of large oil income, they go on, hinders democratic transition in these countries. The argument draws from rentier state theory, which links the oil wealth to numerous pervasive economic, political and social outcomes for nations e. Mahdavy, ; Beblawi and Luciani, Likewise, the natural resource endowments are argued to have contributed to the prosperity of some countries e.
Norway with its fish, timber and subsequently oil and gas reserves; Botswana with its diamond. The oil wealth has been linked to growth and more democracy for Latin American countries e. Dunning, ; Ross, Resources matter for the countries. So does the geography that determines it. Furthermore, there are still uncertainties about whether pre-existing institutions cause pervasive political and economic outcomes, or whether institutions are exacerbated by the resource curse Rajan, What is more, the authors extensively disregard the role of the international patronage to and external legitimacy of either poverty or prosperity in developing countries which could be due to the geopolitics of nations.
Azerbaijan, a Post-soviet country, richly endowed with oil and gas, is considered to be a strategic energy partner to the EU. Thanks to it being at the crossroads between Europe and Asia, the country boasts of owning a strategic BTC Baku-Tbilisi-Ceyhan oil pipeline transporting Caspian oil to Europe and is currently building new gas pipelines within the Southern Gas Corridor project of the European Union in order to provide Europe with non-Russian gas, which is to bypass the Russian territory.
Should Azerbaijan be situated in a different geographical location, we might have been talking about a different polity. These are of course only few of many salient examples of how the geography does influence on economic and political development of a nation.
All in all, we opine that the determinism is not the answer to a complex process of economic and political failure or success of a nation. Neither it is for explaining divergences in the development during a gigantic part of human history, from Neolithic era to contemporary age. Secondly, the concept of institution, the heart and soul of this book, is poorly defined in this work. It is rather concentrated on what institutions could bring about for the prosperity of a nation.
One needs to guess what the authors mean by economic and political institutions throughout the book, and only after having read the whole pages book you can vaguely deduce what they could have had in their mind for institutions.
It would have been fairly understandable, if the definition of the concept was purposefully left out by authors, if the work was meant for an expert circle. However, what makes this book enthralling is precisely its simplicity in exposing complicated historical dynamic of world institutions with anecdotic stories.
That leaves little room for doubt that the oeuvre is meant for general public. Nonetheless, perhaps more evidence-based academic work by the authors of this book could offset this shortcoming e. Acemoglu et al.
Furthermore, Why Nations Fail is packed albeit gracefully with repetitions. Despite the above mentioned shortcomings, it is undeniable that Why Nations Fail is a captivating book, which nests gargantuan chunks of human history within the suggested framework of inclusive vs. Acemoglu, Daron and James. Working Paper. National Bureau of Economic Research. Cambridge, MA. Aghion, Phillippe and Peter Howitt. The Economics of Growth: Cambridge, Mass.: MIT Press. The rentier state Nation, State and Integration in the Arab world.
Croom Helm and the Instituto Affari Internazionali. Diamond, Jared. Guns, Germs and Steel: The Fates of Human Societies. New York, London: Diamond, Larry, Juan J. Linz and Seymour Martin Lipset eds. Democracy in Developing Countries. Adamantine press.
Lynne Rienner. Dunning, Thad. Crude Democracy. Natural Resource Wealth and Political Regimes. New York: Cambridge University Press. Kramer, Martin. Landes, David.
The Wealth and Poverty of Nations. Why some are so rich and some so poor, New York, London: Lionel Robbins, in Acemoglu and Robinson. Why Nations Fail, The origins of power, prosperity and poverty.
Profile Books Ltd. Mahdavy, Hussein. Cook ed. Oxford University Press. McNeil, William Hardy. The rise of the West. A history of human community. University of Chicago Press. Why Nations Fail. The origins of power, prosperity and poverty.
North, Douglas C. Institutions, Institutional Change and Economic Performance. Brian Arthur, Steven N. Durlauf, and David A. Lane eds. Reading, MA: Understanding the process of economic change.
Princeton University Press. Violence and Social Order: A conceptual framework for interpreting recorded human history. Cambridge University.