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

(Hardcover)
Hardcover
Language: English
Length: 544 pages
Publisher: The Crown Publishing Group

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Why Nations Fail: The Origins of Power, Prosperity, and Poverty (English) (Hardcover) Price: Rs. 985

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

Book Details
Publisher The Crown Publishing Group
Award Year 2012
ISBN-10 0307719219
Imprint Crown Business
Number of Pages 544 Pages
Publication Year 2012 March
Language English
Awards Longlisted Financial Times and Goldman Sachs Business
ISBN-13 9780307719218
Binding Hardcover
Dimensions
Weight 2.0 Pounds (US)
Height 9.51 Inches (US)
Width 1.88 Inches (US)
Depth 2
Contributors
Author Info

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 scie...View More

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.
Author Daron Acemoglu James Robinson
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Reviews of Why Nations Fail: The Origins of Power, Prosperity, and Poverty (English) (Hardcover)

Recent top reviews

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★★★★★
★★★★★

Pawan Kumar Panwar

Apr 5, 2015

The 'certified buyer' badge indicates that this user has purchased this product on flipkart.com.
certified buyer

farziwada

Please do not buy this form flipkart. Amazon gives it in much lesser price (Rs. 419 ). Thus the price differential is more than Rs 50. Also they took Rs 50 for delivery charges though the book is a part of the order exceeding Rs.1300 .The quality of the book is also very bad. Flipkart has resorted t… (View complete review)
★★★★★
★★★★★

Shashwat Kant

Jul 16, 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.
★★★★★
★★★★★

Anil Swarup

Apr 15, 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 authors provide historical… (View complete review)
★★★★★
★★★★★

Vishwanath Bajpai

Mar 5, 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.
★★★★★
★★★★★

SK

Jan 25, 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 ec…
(View complete review)

Top reviews

View all top reviews(11)

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★★★★★
★★★★★

Manoj Bosumatary

Oct 3, 2013

The 'certified buyer' badge indicates that this user has purchased this product on flipkart.com.
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.
★★★★★
★★★★★

khagemba

Sep 12, 2013

First to review
The 'certified buyer' badge indicates that this user has purchased this product on flipkart.com.
certified buyer

bird's eye view of the world

one of the best book i have ever read. very enlightening and gives a glimpse of the world's socio-economic and political systems. now i am pretty clear why some nations are developed but others don't. A MUST READ FOR THOSE WHO WANT TO BRING A CHANGE TO WORLD.
★★★★★
★★★★★

Anil Swarup

Apr 15, 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 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 de
★★★★★
★★★★★

sandeep badoni

Jun 15, 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.
★★★★★
★★★★★

Pawan Kumar Panwar

Apr 5, 2015

The 'certified buyer' badge indicates that this user has purchased this product on flipkart.com.
certified buyer

farziwada

Please do not buy this form flipkart. Amazon gives it in much lesser price (Rs. 419 ). Thus the price differential is more than Rs 50. Also they took Rs 50 for delivery charges though the book is a part of the order exceeding Rs.1300 .The quality of the book is also very bad. Flipkart has resorted to its exploitative tendencies and taking unnecessary benefit of non- regulation in the zone. Crony capitalism is at its best.

Guys, do not be misguided by the feelings of shallow nationalism while purchasing any item from this e-commerce platform. Any other platform will give you more monetary ben
★★★★★
★★★★★

Shashwat Kant

Jul 16, 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.
★★★★★
★★★★★

Vishwanath Bajpai

Mar 5, 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.
★★★★★
★★★★★

SK

Jan 25, 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 in o
★★★★★
★★★★★

Chirag Gambhira

Jan 19, 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.
★★★★★
★★★★★

Vaibhav Srivastava

Dec 31, 2013

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certified buyer

World History, Polity and Economy in one book

Awesome...The best non fiction I have ever read.Several myths are shattered as one arrives at actual causation of success/failure of a Nation ...the Institutions it has...
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