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Why Nations Fail: The Origins of Power, Prosperity, and Poverty (English)

Hardcover
Language: English
Length: 544 Pages
Publisher: RANDOM HOUSE USA
Rs. 1890 8% Off
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Why Nations Fail: The Origins of Power, Prosperity, and Poverty (English) (Hardcover) Price: Rs.1720

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, divided by wealth and poverty, health and sickness, food and famine?

Is it culture, the weather, geography? Perhaps ignorance of what the right policies are?

Simply, no. None of these factors is either definitive or destiny. Otherwise, how to explain why Botswana has become one of the fastest growing countries in the world, while other African nations, such as Zimbabwe, the Congo, and Sierra Leone, are mired in poverty and violence?

Daron Acemoglu and James Robinson conclusively show that it is man-made political and economic institutions that underlie economic success (or lack of it). Korea, to take just one of their fascinating examples, is a remarkably homogeneous nation, yet the people of North Korea are among the poorest on earth while their brothers and sisters in South Korea are among the richest. The south forged a society that created incentives, rewarded innovation, and allowed everyone to participate in economic opportunities. The economic success thus spurred was sustained because the government became accountable and responsive to citizens and the great mass of people. Sadly, the people of the north have endured decades of famine, political repression, and very different economic institutions?with no end in sight. The differences between the Koreas is due to the politics that created these completely different institutional trajectories.

Based on fifteen years of original research Acemoglu and Robinson marshall extraordinary historical evidence from the Roman Empire, the Mayan city-states, medieval Venice, the Soviet Union, Latin America, England, Europe, the United States, and Africa to build a new theory of political economy with great relevance for the big questions of today, including:

  • China has built an authoritarian growth machine. Will it continue to grow at such high speed and overwhelm the West?
  • Are America?s best days behind it? Are we moving from a virtuous circle in which efforts by elites to aggrandize power are resisted to a vicious one that enriches and empowers a small minority?
  • What is the most effective way to help move billions of people from the rut of poverty to prosperity? More Philanthropy from the wealthy nations of the West? Or learning the hard-won lessons of Acemoglu and Robinson?s breakthrough ideas on the interplay between inclusive political and economic institutions?

Why Nations Fail will change the way you look at and understand the world.

About the Author
DARON ACEMOGLU is the Killian Professor of Economics at MIT. In 2005 he received the John Bates Clark Medal awarded to economists under forty judged to have made the most significant contribution to economic thought and knowledge.

JAMES A. ROBINSON, a political scientist and an economist, is the David Florence Professor of Government at Harvard University. A world-renowned expert on Latin America and Africa, he has worked in Botswana, Mauritius, Sierra Leone, and South Africa.

Specifications of Why Nations Fail: The Origins of Power, Prosperity, and Poverty (English) (Hardcover)

Contributors
Author DARON ACEMOGLU
Book Details
Publisher RANDOM HOUSE USA
Imprint Crown Business
Publication Year 2012
ISBN-13 9780307719218
ISBN-10 0307719219
Language English
Binding Hardcover
Number of Pages 544 Pages
Awards Longlisted Financial Times and Goldman Sachs Business
Award Year 2012
Dimensions
Width 6.64 inch
Height 1.89 inch
Weight 907 g
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Book Reviews of Why Nations Fail: The Origins of Power, Prosperity, and Poverty (English)

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TOP REVIEWS View All Top Reviews (10)

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★★★★★
★★★★★
15 Apr 2014
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certified buyer
Good analyses of why nations fail.

"Countries need inclusive economic and political institutions to break out of the cycle of poverty" is the authors' answer to "Why Nations Fail". It is a remarkably well researched book in an attempt to find an answer to the vexed question around sustained development. The authors provide historical evidence across the globe and across centuries to demonstrate that "extractive" political and economic institutions are primarily responsible for sustaining misery and poverty. They advocate inclusive political and economic institutions (both are considered essentia... ()

"Countries need inclusive economic and political institutions to break out of the cycle of poverty" is the authors' answer to "Why Nations Fail". It is a remarkably well researched book in an attempt to find an answer to the vexed question around sustained development. The authors provide historical evidence across the globe and across centuries to demonstrate that "extractive" political and economic institutions are primarily responsible for sustaining misery and poverty. They advocate inclusive political and economic institutions (both are considered essentia...
"Countries need inclusive economic and political institutions to break out of the cycle of poverty" is the authors' answer to "Why Nations Fail". It is a remarkably well researched book in an attempt to find an answer to the vexed question around sustained development. The authors provide historical evidence across the globe and across centuries to demonstrate that "extractive" political and economic institutions are primarily responsible for sustaining misery and poverty. They advocate inclusive political and economic institutions (both are considered essential for the purpose of "creative destruction" so necessary for growth). However, while advocating inclusive institutions, the authors clarify that "the presence of markets is not by itself a guarantee of inclusive institutions. Inclusive economic institutions require........inclusive markets that create a level playing field and economic opportunities for the majority of people. Widespread monopoly, backed by political power of the elite, contradicts this."
There is also an interesting quote from President Roosevelt while commenting on the functioning of the Supreme Court in the U S that rings a bell : "The Court has been acting not as a judicial body, but as a policy making body"

0 of 0 users found this review helpful.
★★★★★
★★★★★
03 Oct 2013
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certified buyer
Why Nations Fail

A very well researched book. Any one who wishes to understand how the political and economic institutions in different countries have developed, why some countries have done better than others and many of the problems in different parts of the world must read this book. The concepts of inclusive and extractive economic institutions and creative destructions are really thought provoking. This book is definitely for every policy maker, students of political science and economics.

3 of 3 users found this review helpful.
★★★★★
★★★★★
25 Jan 2014
The 'certified buyer' badge indicates that this user has purchased this product on flipkart.com.
certified buyer
Surprisingly a light and insightful read

In a nutshell : Hats off to the authors for compiling such an easy to understand, yet insightful and gripping piece of work.

Product Review :
An extremely insightful read on the affairs of the human settlements globally as seen with passage of time since the establishment of agrarian eco-system to today, which have contributed heavily to the divide between the prosperous and poor segments of the population.
I do not have a background in economics or in political-science, the two directions the authors have ventured in to search for their answers, but I was still able to grasp the content i...
()

In a nutshell : Hats off to the authors for compiling such an easy to understand, yet insightful and gripping piece of work.

Product Review :
An extremely insightful read on the affairs of the human settlements globally as seen with passage of time since the establishment of agrarian eco-system to today, which have contributed heavily to the divide between the prosperous and poor segments of the population.
I do not have a background in economics or in political-science, the two directions the authors have ventured in to search for their answers, but I was still able to grasp the content i...
In a nutshell : Hats off to the authors for compiling such an easy to understand, yet insightful and gripping piece of work.

Product Review :
An extremely insightful read on the affairs of the human settlements globally as seen with passage of time since the establishment of agrarian eco-system to today, which have contributed heavily to the divide between the prosperous and poor segments of the population.
I do not have a background in economics or in political-science, the two directions the authors have ventured in to search for their answers, but I was still able to grasp the content in one single read.

Service Review:
The Delivery of the book took place within 2 working days and in perfect condition. Thumbs up to the seller for that !

0 of 0 users found this review helpful.
★★★★★
★★★★★
19 Jan 2014
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certified buyer
Why Nations Fail

So the gist of the book is that it gives very strong reasons and arguments as to why some nations happen to be prosperous compared to others.It definitely a good book to read for someone who is interested in economics especially state economics and politics but at the same time I feel that the reader does not need to have detailed knowledge about the subject.The language easy going and not too demanding of your vocabulary.The only slight disappointment of this book is that it does not contain much information on India which I was impatiently looking for till the end.

0 of 0 users found this review helpful.
★★★★★
★★★★★
15 Jun 2012
first to review
Fail proof

Why nations fail is a topic which has been dissected in many books in recent years. This book examines each theory under the lens of history and proceeds to propose a new one. Writers duo have argued that institutional strength determines the longevity of state.Case is well argued and has lot of good examples. He has examined rise of China amongst emerging economies and has put some stratling predictions.Wish that he had done for India too.Suming up, great work.

1 of 1 users found this review helpful.

Recent Top Reviews

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★★★★★
★★★★★
16 Jul 2014
The 'certified buyer' badge indicates that this user has purchased this product on flipkart.com.
certified buyer
A new learning experiance

This book extensively covers the reasons for sustained growth and favours inclusive institutions, appreciating their role for economic prosperity and degeneration through a long course of history. (View complete review)

★★★★★
★★★★★
15 Apr 2014
The 'certified buyer' badge indicates that this user has purchased this product on flipkart.com.
certified buyer
Good analyses of why nations fail.

"Countries need inclusive economic and political institutions to break out of the cycle of poverty" is the authors' answer to "Why Nations Fail". It is a remarkably well researched book in an attempt to find an answer to the vexed question around sustained development. The aut... (View complete review)

★★★★★
★★★★★
05 Mar 2014
The 'certified buyer' badge indicates that this user has purchased this product on flipkart.com.
certified buyer
A nice read

The book presents a lot of points which are generally overlooked. Written in a very simple manner but covering very deep topics. (View complete review)

★★★★★
★★★★★
25 Jan 2014
The 'certified buyer' badge indicates that this user has purchased this product on flipkart.com.
certified buyer
Surprisingly a light and insightful read

In a nutshell : Hats off to the authors for compiling such an easy to understand, yet insightful and gripping piece of work.

Product Review :
An extremely insightful read on the affairs of the human settlements globally as seen with passage of time since the establishment of agrarian eco-system...
(View complete review)

    Book: Why Nations Fail: The Origins of Power, Prosperity, and Poverty (English) by DARON ACEMOGLU
    ISBN Number: 0307719219, 9780307719218, 978-0307719218

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