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praise for why nations fail “acemoglu and robinson have made an important contribution to the debate as to why similar-looking nations di er so greatly in their economic and political development. through a broad multiplicity of historical examples, they show how institutional developments, sometimes based on very accidental circumstances, have had enormous consequences. the openness of a society, its willingness to permit creative destruction, and the rule of law appear to be decisive for economic development.” —kenneth j. arrow, nobel laureate in economics, 1972 “the authors convincingly show that countries escape poverty only when they have appropriate economic institutions, especially private property and competition. more originally, they argue countries are more likely to develop the right institutions when they have an open pluralistic political system with competition for political o ce, a widespread electorate, and openness to new political leaders. this intimate connection between political and economic institutions is the …

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adam smith to douglass north with more recent empirical research by economic historians, acemoglu and robinson have produced a compelling and highly readable book.” —niall ferguson, author of the ascent of money “acemoglu and robinson—two of the world’s leading experts on development—reveal why it is not geography, disease, or culture that explain why some nations are rich and some poor, but rather a matter of institutions and politics. this highly accessible book provides welcome insight to specialists and general readers alike.” —francis fukuyama, author of the end of history and the last man and the origins of political order “a brilliant and uplifting book—yet also a deeply disturbing wake-up call. acemoglu and robinson lay out a convincing theory of almost everything to do with economic development. countries rise when they put in place the right pro-growth political institutions and they fail—often spectacularly— when those institutions ossify or fail to adapt. …

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rd university, author of why the west rules—for now “imagine sitting around a table listening to jared diamond, joseph schumpeter, and james madison re ect on more than two thousand years of political and economic history. imagine that they weave their ideas into a coherent theoretical framework based on limiting extraction, promoting creative destruction, and creating strong political institutions that share power, and you begin to see the contribution of this brilliant and engagingly written book.” —scott e. page, university of michigan and santa fe institute “in this stunningly wide-ranging book, acemoglu and robinson ask a simple but vital question, why do some nations become rich and others remain poor? their answer is also simple—because some polities develop more inclusive political institutions. what is remarkable about the book is the crispness and clarity of the writing, the elegance of the argument, and the remarkable richness of historical detail. this book …

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e highly original research that professors acemoglu and robinson have done, and continue to do, on how economic forces, politics, and policy choices evolve together and constrain each other, and how institutions a ect that evolution, is essential to understanding the successes and failures of societies and nations. and here, in this book, these insights come in a highly accessible, indeed riveting form. those who pick this book up and start reading will have trouble putting it down.” —michael spence, nobel laureate in economics, 2001 “this fascinating and readable book centers on the complex joint evolution of political and economic institutions, in good directions and bad. it strikes a delicate balance between the logic of political and economic behavior and the shifts in direction created by contingent historical events, large and small, at ‘critical junctures.’ acemoglu and robinson provide an enormous range of historical examples to show how such shifts …

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developing countries—social policy. i. robinson, james a., 1960–. ii. title. hb74.p65a28 2012 330—dc23 2011023538 eisbn: 978-0-307-71923-2 maps by melissa dell jacket design by david tran jacket photograph by kirk mastin/getty images v3.1 http://www.crownpublishing.com for arda and asu—da para maría angélica, mi vida y mi alma—jr contents cover title page copyright dedication preface why egyptians filled tahrir square to bring down hosni mubarak and what it means for our understanding of the causes of prosperity and poverty 1. so close and yet so different nogales, arizona, and nogales, sonora, have the same people, culture, and geography. why is one rich and one poor? 2. theories that don’t work poor countries are poor not because of their geographies or cultures, or because their leaders do not know which policies will enrich their citizens 3. the making of prosperity and poverty how prosperity and poverty are determined by the incentives created by institutions, …

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praise for why nations fail “acemoglu and robinson have made an important contribution to the debate as to why similar-looking nations di er so greatly in their economic and political development. through a broad multiplicity of historical examples, they show how institutional developments, sometimes based on very accidental circumstances, have had enormous consequences. the openness of a society, its willingness to permit creative destruction, and the rule of law appear to be decisive for economic development.” —kenneth j. arrow, nobel laureate in economics, 1972 “the authors convincingly show that countries escape poverty only when they have appropriate economic institutions, especially private property and competition. more originally, they argue countries are more likely to develop the...

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