Why Nations Fail by Daron Acemoğlu, James A. Robinson

This book delves into the origins of power, prosperity, and poverty, arguing that the fate of nations is determined not by geography, culture, or ignorance, but rather by the institutions that shape economic incentives and political power. It contrasts inclusive institutions, which enable and encourage participation by the great mass of people in economic activities that make the best use of their talents and skills, with extractive institutions, which are designed to extract incomes and wealth from one subset of society to benefit a different subset. Through a wide array of historical examples and analysis, the authors demonstrate how the interplay between these institutions has led to divergent paths of development among nations, suggesting that those with inclusive institutions tend to enjoy greater prosperity and success.

The 9414th greatest book of all time

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Total Points: 69

Since this book was first published in 2012, there is a penalty of 60.8%. The age adjusted score is 27.05.

This is to prevent newer books from reaching super high on the ranked list of the greatest books of all time. The greatest books should also stand the test of time.