Daron Acemoğlu: "Why Nations Fail: The Origins of Power, Prosperity, and Poverty"

Daron Acemoğlu of MIT discusses his book, "Why Nations Fail: The Origins of Power, Prosperity, and Poverty." "Why Nations Fail" answers the question that has stumped the experts for centuries: why are some nations rich and others poor, divided by wealth and poverty, health and sickness, food and famine?
This talk was taped on March 21, 2012.

[@georgiostzanidakis282]

Extractive vs. Inclusive institutions, interesting terminology for the old theme of oligarchy vs. Democracy. Check Aristotle and Plato on these topics for a fuller and more substantial analysis. However, worth and applause for the effort to re-cast and old idea!

[@urolovsarvar4268]

I would call this book 'secrets of prosperity from an institutional angle'. Author logicaly explained humanities success from institutional point of view .

[@densito]

Brilliant lecture Mr. Acemoglu, and that is in Harvard as I can see at the end of the video. We are quite interested in your theory in Chile due to that explains our own reality. We need to find the way to improve our hypercentralized and extractive political and economic institutions without a revolution. The most clear examples are our mediocre and privatized educational system and pnon renewable natural resources industry administrated by the economical and political elite. Thanks once again.

[@jjj8317]

How did Bachellet worked for Chile apart from taking the economy to complete stop?

[@susannahsimmons]

Hey WGBHForum! Will you please close caption your video? That would mean a great deal to me and my students.

[@danylopohrebnyak3862]

Better mentality leads to better institutions, which leads to higher economic development and again better mentality. And the opposite also works! It's circle. Like a chicken and n egg.

[@boysiedent6149]

+Danylo Pohrebnyak - krap

[@salmaelbourkadi]

Hello world! If you want to get a clear and detailed summary of "Why Nations Fail" by Daron Acemoğlu & James A. Robinson + the critics of the book, I just made this animated video that may be of help for you : kzbin.info/www/bejne/qH-2n5Rnbq6qmck

[@Tsnore]

Did you catch the jugs at about 50:30? Now that is civilization.

[@jimfish9418]

Write a book and become an instant Scholar. Not the best Way to transfer better beliefs.