Why Nations Fail
Daron Acemoglu, James A. Robinson
19 people recommended it in 14 threads, 2014–2024.
1 commenter pushed back on it — worth reading the threads.
What people on Hacker News said
Acemoglu: Why nations fail. This is a must read. It attempts to explain (with great success) how institutions have molded the modern states into the way they are now, and what exactly seems to be at the root of inequality and prosperity.
Why Nations Fail really helped give me deep intuitions around politics. It taught me that political stability is immensely hard to achieve and very rare. I've since come to see every situation as a political situation. This helps me reason about my environment much more clearly.
According to the book, a decisive role for the development is played by political and economic institutions being “extractive” (slavery, serfdom, and encomienda systems) or “inclusive” (universal protection of property rights, not just for the elite).
A book to read immediately after Guns Germs and Steel is Why Nations Fail by Daron Acemoglu.
I learned that from reading Why Nations Fail. It busted the whole myth of "progress" and replaced it with "change".
I would like to give a recommendation that might be a little bit different: 'Why Nations Fail' by Acemoglu.
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