Summary and Critique of Why Nations Fail: The Origins of Power, Prosperity, and Poverty
The book Why Nations Fail: the Origins of Power, Prosperity, and Poverty by Daron Acemoglu and James A. Robinson try to convey the incentives motivating individuals and the regulations influencing a nation’s economy and its possible outcomes. The result is an extremely valuable work providing loads of information based on chronology and geography and consists of highly appealing historical accounts involving the political and economic environment.
Drifting apart: chapter summary
This is one of the important chapters which traces the type of institutional drift, the evolution and significant junctures either away or towards inclusive institutions. The chapter tries to inform that most societies ...