Publisher's Synopsis
What truly determines a nation's wealth? Is it geography, culture, or something deeper? In this groundbreaking exploration, The Nobel-Winning Theories of Acemoglu, Johnson, and Robinson dive into the revolutionary economic research that changed how we understand prosperity and inequality.
Awarded the Nobel Prize in Economics in 2024, Daron Acemoglu, Simon Johnson, and James Robinson revealed how the political and economic institutions that govern nations-whether inclusive or extractive-shape the fate of their economies. This book provides an accessible, yet detailed look at their pioneering ideas on why some countries flourish while others fall into poverty and stagnation. Drawing from influential works like Why Nations Fail and Power and Progress, this book unpacks the research that challenges long-held assumptions about wealth and growth. From the lasting effects of colonialism to the role of democracy in promoting innovation, Acemoglu, Johnson, and Robinson's theories provide insights not just for scholars, but for anyone interested in understanding global inequality and development. It does not matter if you're an economist, a student of political science, or a curious reader, this book illuminates how institutions-not luck, climate, or geography-determine the trajectory of nations. It also explores the policy implications of their work, offering practical lessons for today's leaders on how to foster sustainable economic growth in developing countries. Discover how three economists reshaped our understanding of wealth, power, and progress-and what their theories mean for the future of global prosperity.
