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Why Nations Fail: The Origins of Power, Prosperity, and Poverty

Daron Acemoğlu · economics

Recommended by @dominik

@dominik · read in 2019

Highly readable, with ample helpings of fascinating historical vignettes, this book looks at nations through the lens of their institutions. Specifically, their economic and political institutions, and whether each of these are inclusive (economic growth or political power has a broad base and percolate within the system) or extractive (economic growth or political power drain out of the system). A valuable lens of looking at the world, of looking at political and economic decisions (does this increase inclusivity? is there an appropriate level of centralization?)