Why Nations Fail revolves around the question as to why even today some nations are trapped in a cycle of poverty while others prosper, or at least while others appear to be on their way to prosperity. The book focuses largely on political and economic institutions, as the authors believe these are key to long-term prosperity.
Daron Acemoglu (b. 1967) is a professor of economics at MIT and ranks among the most highly respected economists in the world. He received the John Bates Clark Medal, which is regarded as the precursor to the Nobel Prize.
James A. Robinson (b. 1932)is a political scientist, an economist and a professor at Harvard. He has done research in Latin America and Africa, and is widely considered an expert in foreign aid.
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