Why Nations Fail: The Origins of Power, Prosperity, and Poverty by Daron Acemoglu, James A. Robinson - Paperback Paperback – Big Book, 17 September 2013

Insightfull

I think the book is ambitious and clever, however myopic in its point of view. It also cherry picks arguments to support its hypothesis.

Daron is one of the leading economists of the time. This is the first installment which was followed by another book, under the title " The narrow corridor". He follows and quantifies (in his academic research) the views of Douglass C. North. It decimates the world view of the Chicago doctrine, and provides a new paradigm for how to approach economic development.

Great work