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Why Nations Fail by Daron Acemoglu
The Origins of Power, Prosperity, and Poverty

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Synopsis

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... more

About Daron Acemoglu

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... more


Published: March 20, 2012 by Random House

Genre: Business & Economics, Political & Social Sciences. Non-fiction. 544 pages

Critic Reviews for Why Nations Fail : The Origins of Power, Prosperity, and Poverty

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  • All Critics: 22
  • Positive: 17
  • Negative: 5
  • The Guardian | 10 Mar 2012

    For anyone remotely interested in these issues Why Nations Fail is a must-read....This alone would be reason to take notice: a vital topic, top scholars, and a well-written book.

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  • The Economist | 10 Mar 2012

    The intuition behind the theory is nonetheless compelling, which makes the scarcity of policy prescriptions frustrating.

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  • Business Week | 19 Apr 2012

    Ranging from imperial Rome to modern Botswana, this book will change the way people think about the wealth and poverty of nations.

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  • Times Higher Education | 15 Mar 2012

    Still, these minor irritations should not blind us to this book's great merits. The authors put themselves forward as presenting a fundamental challenge to Diamond...They have done so thoroughly and with imagination and care.

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  • Literary Review

    Though it contains flaws, Why Nations Fail is powerful and fascinating, informed by decades of careful scholarship....If this book can push institutions up the list of policymakers' priorities, it will do us all a great service.

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  • Kirkus Reviews | 24 Jan 2012

    For economics and political-science students, surely, but also for the general reader who will appreciate how gracefully the authors wear their erudition.

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  • Reason Magazine | 10 Apr 2012

    Why Nations Fail is persuasive, but somewhat unsatisfying...Acemoglu and Robinson have convincingly identified the cure for poverty, but no one has yet figured out how to get the patients to take the medicine.

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  • Finance & Development

    ...a great read: ambitious and compelling in its combination of broad scope and fascinating detail.

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  • Dale & Co. | 6 Apr 2012

    ...a big, easy to read survey of what makes nations fail- and just as much what makes them succeed – packed with fascinating historical cases studies.

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    Why Nations Fail : The Origin...
  • ProductivityandGrowth.com | 18 Apr 2012

    They assembled what is, in effect, a gigantic, super-complete database of every country’s history, and used it to ask questions... They found unexpected answers—ones that may not satisfy partisans of either side, but have the ring of truth.

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  • The Washington Post | 20 Apr 2012

    It’s not. It’s bracing, garrulous, wildly ambitious and ultimately hopeful. It may, in fact, be a bit of a masterpiece.

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  • The Kaplinsky Report | 28 Apr 2012

    Whilst one may be tempted to view this query as a complex question...with lots of academic technical babble thrown for good measure, the authors surprisingly expound their argument with simplistic graphics and everyday prose.

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  • Hacer Latin American News | 23 Mar 2012

    “Why Nations Fail” is a splendid piece of scholarship and a showcase of economic rigor. But even so, it captures only part of the story. To understand economic growth at a deeper level we need to go beyond neoclassical economics...

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  • Labour Uncut | 29 Apr 2012

    Two things distinguish Why nations fail the simplicity of its argument and the sheer range and scope of historical references. Acemoglu and Robinson cover the Roman Empire, the history of Ethiopia, Congo, Bolivia...

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  • Los Angeles Times | 29 Apr 2012

    Overall, this is an excellent, informative, and thought-provoking book.

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  • The American Interest | 26 Mar 2012

    One only wishes then that the authors had made better use of basic categories long in play in other parts of the social sciences...instead of inventing neologisms that obscure more than they reveal.

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    Why Nations Fail : The Origin...
  • Weatherford Center for International Affairs, Harvard

    But the authors give short shrift to the presence and meaning of Enlightenment ideals....The intuition behind the theory is nonetheless compelling, which makes the scarcity of policy prescriptions frustrating.

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    Why Nations Fail : The Origin...
  • Charlotte Observer | 17 May 2012

    ...makes for compelling, sometimes even riveting reading. Playing off of the ’80s Oldsmobile commercial, this is definitely not your father’s econ book!

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  • The Wall Street Journal | 24 Mar 2012

    "Why Nations Fail" is a vital work for these times....It an eloquent and powerful statement of the long-run success of democratic capitalism at a time when it is under attack.

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  • The New York Review of Books | 7 Jun 2011

    Whereas most writing by academic economists is incomprehensible to the lay public, Acemoglu and Robinson have written this book so that it can be understood and enjoyed by all of us who aren’t economists.

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  • Hindustan Times | 4 May 2012

    Sadly, Acemoglu and Robinson have no perspective on post-liberalisation India....For those who despair of the present state of affairs in India, this book provides grounds to be reassured that, in the long run, we are all likely to be well-off.

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  • The Wall Street Journal | 24 Mar 2012

    "Why Nations Fail" is a vital work for these times, directing our attention to the big picture regarding the poverty and prosperity of nations.

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