Tag Archives: nations

Acemoglu and Robinson state that inclusive political institutions are critical for a high level of wealth of a nation; geography and culture are not. We closely reading their book “Why Nations Fail” I come to the conclusion that there is no clear definition of concepts and no careful analysis of the interrelationship between a number of principal variables, which might matter. Therefore this highly praised book is very disappointing. MIT, Harvard and A-publications are not a guarantee for quality. Continue reading →