Why Nations Fail: "A Grand, Provocative History In The Style Of Jared Diamond"
Why Nations Fail uses historical research to explain why some nations prosper and others do not. In the book, Acemoglu and Robinson provide numerous examples that showcase how their theory of growth—and stagnation—has taken place throughout the ages. Acemoglu, an MIT Professor and highly-quoted economist, also places an “emphasis on the intrinsic randomness of history,” in the book; something the book reviewer praises. The book has turned previous economic theory on its head, and the two authors' fresh insights on the prosperity of nations provides a new way to assess national successes and failures. In Acemoglu's speeches he breaks down these insights; explaining how we can use his research to help nations that are struggling, and help those that succeed become even more successful in the future.