WHY NATIONS FAIL BY D. ACEMOGLU AND J. A. ROBINSON
Why some countries and nations are rich, and others are poor? This is the question we always ask ourselves and experts. What is more, hundreds of books had been written to answer this question. Yet only a few of them are close to the real causes of financial prosperity and poverty. ‘Why Nations Fail: The Origins of Power, Prosperity, and Poverty’ by Daren Acemoglu and James A. Robinson has fully clarified this question for me.
Daren Acemoglu is the Killian Professor of Economics at MIT. James A. Robinson is a political scientist and an economist. Thus, this brilliant work is a result of the collaboration between the two great scientists. Some experts say that some nations and states are rich or poor because of their climates, continents where they live, genetics, national mentalities, and so on. In reality, none of these factors is decisive when it comes to either prosperity or poverty of a state and nation. The answer is absolutely different. I don’t want to give you any spoilers, and therefore, you should read the book yourself to understand why some states are rich, and others suffer in poverty.
Daren Acemoglu and James A. Robinson made a big research and analysis of different societies, countries, political institutions, and now, they have a clear and obvious answer to why fates of different countries, states, and nations are so different. I enjoyed reading this book very much. Previously, I have read a lot of different books on the same topic, but none of them gave me a coherent and rational answer to why some nations prosper and others fail. ‘Why Nations Fail: the Origins of Power, Prosperity, and Poverty’ is the best and the most accurate book in this study. I will honestly tell you that I fully agree with the conclusions of the two scientists. I fully agree with their opinion and analysis.
This is a marvelous book each of you should definitely read. I include this book in the top 10 non-fiction books to read before you die. The problem of financial prosperity and poverty is always very actual. I am sure that people with different literature tastes and preferences will fall in love with this book. Even though this is a non-fiction book, I found it very engaging, captivating, and readable.