What You'll Learn:
How do we make sense of the disparity between the rich and poor? Why do some nations prosper and others fail? Daron Acemoglu and James A. Robinson argue that the common explanations of geography, culture, and ignorance are all inadequate. The answer to the question of inequality is found in institutions. Some nations have political and economic institutions conducive to growth while others do not. Why Nations Fail tells us why popular hypotheses don’t work and why institutions are the true difference makers.