Why is it that some countries become rich while others remain poor? Do markets require regulation to function efficiently? If markets offer an efficient way of exchanging goods, why do individuals even create firms? How are economic transactions organized in the absence of a sta…
"A systemic account of how institutions shape economic development Institutions matter for economic development. Yet, despite this accepted wisdom, new institutional economics (NIE) has yet to provide a comprehensive look at what constitutes the institutional foundation of econo…
"A systemic account of how institutions shape economic development Institutions matter for economic development. Yet, despite this accepted wisdom, new institutional economics (NIE) has yet to provide a comprehensive look at what constitutes the institutional foundation of econo…
Elgar Advanced Introductions are stimulating and thoughtful introductions to major fields in the social sciences, business and law, expertly written by the world'AEos leading scholars. Designed to be accessible yet rigorous, they offer concise and lucid surveys of the substantiv…
These essays in the purest tradition of political economy consider three major themes from the multiple relationships between the state and the economy: duality, myth, and crisis. The state is a complex mix of dualisms: the welfare versus the warfare state; the agency of both so…
Why is North Korea, a geographical, ethnic and cultural mirror of its capitalist neighbour, ten times poorer than South Korea? 'Why Nations Fail' analyses the root of the problems facing some nations, and why they are so difficult (though not impossible) to overcome.
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.
Why are some nations rich and others poor? Is it culture, the weather, geography? Perhaps ignorance of the right policies? Simply, no. None of these factors is either definitive or destiny. Daron Acemoglu and James Robinson conclusively show that it is man-made political and eco…
This is a provocative new theory of political economy explaining why the world is divided into nations with wildly differing levels of prosperity. Why are some nations more prosperous than others? "Why Nations Fail" sets out to answer this question, with a compelling and elegant…
