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Why Nations Fail: The Origins of Power, Prosperity, and Poverty — Daron Acemoglu, James A. Robinson

Shortlisted for the Financial Times and Goldman Sachs Business Book of the Year Award 2012. Why are some nations more prosperous than others? Why Nations Fail sets out to answer this question, with a compelling and elegantly argued new theory: that it is not down to climate, geography or culture, but because of institutions. Drawing on . . .