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Why nations fail
“This fascinating and readable book centers on the complex joint evolution of political and economic
institutions, in good directions and bad. It strikes a delicate balance between the logic of political and economic
behavior and the shifts in direction created by contingent historical events, large and small, at ‘critical junctures.’ Acemoglu and Robinson provide an enormous range of historical examples to show how such shifts can tilt toward
favorable institutions, progressive innovation, and economic success or toward repressive institutions andeventual decay or stagnation. Somehow they can generate both excitement and reflection.”
—Robert Solow, Nobel laureate in economics,