Why Nations Fail Free Audiobook Download

3 quotes from Why Nations Fail

• "Political institutions empower individuals to make decisions that can promote economic prosperity or inhibit it, leading to divergent outcomes across nations."
• "Inclusive economic institutions that give a level playing field for all are critical for sustained economic growth, while extractive institutions create an environment conducive to inequality and stagnation."
• "The roots of prosperity lie not in geography or culture, but in the political and economic institutions that countries adopt."

Author: Daron Acemoğlu, James A. Robinson

Daron Acemoğlu and James A. Robinson are esteemed economists known for their influential work on political economy and the role of institutions in shaping economic outcomes. Acemoğlu, a professor at the Massachusetts Institute of Technology (MIT), is renowned for his extensive research on the interplay between political and economic forces, while Robinson, a professor at Harvard University, has contributed significantly to understanding the historical context of economic development and policy. Together, they co-authored "Why Nations Fail," a groundbreaking book that examines how inclusive political and economic institutions foster prosperity and stability, while extractive institutions lead to poverty and conflict. Their collaborative work has brought critical insights into the fundamental reasons behind the stark disparities in wealth and development across nations, combining empirical evidence with compelling historical narratives.