It so far the best book on ecomomics and world history I have read.
This book presents an amazing account of world history vis a vis evolution and growth or decline of societies, countries empires. . The authors have worked hard for many years to collect data and analyze to come up with a credible theory on prosperity or poverty of nations.
This book remove many of my ideas that used to have. For example I had the misconception that geography,race, work ethic and climate were some of the reasons why some nations are perpetually poor.
"If you want to understand what works when trying to make the world a more equitable place, start here."
What is especially good about this book are the new lenses it employs to help us understand history and the wealth of nations. It doesn't focus on political ideology or economic dogmas. The actions of the left, right, Christian or Muslim are equal. Greed and shortsightedness know no cultural, political or religious boundaries. Timing and maybe luck are important and very little was inevitable.
It clarifies the battle we face now in our country as our elite use increasing wealth to make our institutions more extractive .
There's no magic prescription for curing our problems but this book makes it much easier to recognize what will not work and what will make things worse.
Great sound theory of why nations fail, however I found the chapters to be quite repetitive around the same idea. This book could be half as long to make its point.
I think, this book comes around to a very likely conclusion.
It effectively analyses why many other suggestions about this may be wrong. Very enligthening and highly recommended.
For anyone who is curious about why wealth and advancement takes place in some countries, while fails to do so in others. The book takes a historic view of economic and political development, contrasts all corners of the globe, and provides rich context. One learns new things and questions long-held assumptions. Critically important reading to understand our world, especially the challenge of raising standards of living for all.
Why nations fail is a fascinating book . I have been intrigued by the distribution of wealth around the world and have been seeking answers. While I picked up jared Diamond's book I dont think I got anywhere close to the answer.
In my opinion this book nails the reason for economic disparity. The key words are pluralism, inclusive, economic, political systems.
While this book nails it; it may not be the right book for you. The authors take several examples and go through each one of them in excruciating details. Now if history is your cup of team then sure you would enjoy this book; else the key messages of inclusive political and economical institutions are repeated throughout the remainder of the book.
One of the best books I've read in years. If you liked Guns, Germs, Steel... you will love this sweeping look at economic history. Enlightening and extremely thought provoking, punctuated by fascinating examples of why nations fail and succeed from all points in human history and across all continents.
Guns, Germs, Steel. Rational Optimist. Ascent of Money.
Well narrated. Great reader.
I have traveled since my youth and have speculated for many years about the reasons that we (USA) have it all and most of the world has so little. Everyone seems to have a ready explanation- tropical diseases, cultural deficiencies, native flora and fauna unsuitable for domestication, environmental devastation, or exploitation of the poor countries by the wealthy ones. Although some of these factors certainly play a role, there are counter-examples that disarm them all in in many cases. I am convinced that this book has an explanation that stands up in just about every case. Further, it is an explanation that squares with evidence readily observable during one's own travel. Although the explanation offered here is generalized and must by qualified for each specific case, I can enthusiastically recommend the book as a thoughtful overview of this important question.