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Translator: Giorgi Lekveishvili
Year of publication: 2024
Number of pages: 708
ISBN: 9789941374210
Publisher: Sulakauri Publishing House
The question posed in the title of this comprehensive book has challenged thinkers for centuries. What determines the wealth or poverty of states? Where to look for the key to prosperity? How is the "iron law of oligarchy" created, which fatally hinders the economic development of countries?
Daron Acemoglu and James Robinson's fifteen-year research tells us about the foundations of the success-failure of states. The authors developed a new theory of political economy by analyzing the historical experience of different societies. Their theory examines the complex and multifaceted reasons why the world has yet to blur the line between famine and plenty, autocracy and democracy.
The book is the winner of many prestigious awards; It is a New York Times and Wall Street Journal bestseller, and has been named an economics book of the year by many publications, including The Financial Times and Goldman Sachs (jointly), Bloomberg, The Washington Post, and etc.
Daron Acemoglu is a professor at the Massachusetts Institute of Technology, London School of Economics and Political Science, York University, and Galatasaray Lyceum. He is among the ten scientists whose works are quoted most often.
James Robinson's area of responsibility is Harvard Kennedy School, Berkeley, University of Southern California, Massachusetts Institute of Technology, University of Melbourne and Chicago. He is recognized as a leading scholar in the field of comparative economic analysis and long-term political development.
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