Shortlisted for the Financial Times and Goldman Sachs Business Book of the Year Award 2012.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. Drawing on an extraordinary range of contemporary and historical examples, from ancient Rome through the Tudors to modern-day China, leading academics Daron Acemoglu an...

WINNERS OF THE 2024 NOBEL PRIZE FOR ECONOMICSLONGLISTED FOR THE BAILLIE GIFFORD PRIZELONGLISTED FOR THE FINANCIAL TIMES AND SCHRODERS BUSINESS BOOK OF THE YEARSHORTLISTED FOR THE LIONEL GELBER PRIZEA FINANCIAL TIMES TECHNOLOGY BOOK OF THE YEARUPDATED WITH A NEW PREFACE**'The blueprint we need for the challenges ahead' Shoshana Zuboff'If...

'A very important work and a must-read' THOMAS PIKETTY, author of Capital in the Twenty-First Century'A thoughtful proposed solution to the most important question of modern democracy' JARED DIAMOND, author of Guns, Germs, and Steel'Brilliant and insightful, a tour de force that left me feeling more optimistic about the future than I have in a long time' STEVEN LEVITT, author of Freakonomics

'As enjoyable as it is thought-provoking' Jared DiamondBy the authors of the international bestseller Why Nations Fail, based on decades of research, this powerful new big-picture framework explains how some countries develop towards and provide liberty while others fall to despotism, anarchy or asphyxiating norms - and explains how liberty can thrive despite new threats.Liberty is hardly the 'natural' order of things; usually states have been either too weak to pr...

This book develops a framework for analyzing the creation and consolidation of democracy. Different social groups prefer different political institutions because of the way they allocate political power and resources. Thus democracy is preferred by the majority of citizens, but opposed by elites. Dictatorship nevertheless is not stable when citizens can threaten social disorder and revolution. In response, when the costs of repression are sufficiently high and promises of concessions are n...

From Nobel Prize–winning economist Daron Acemoglu, an incisive introduction to economic growthIntroduction to Modern Economic Growth is a groundbreaking text from one of today's leading economists. Daron Acemoglu gives graduate students not only the tools to analyze growth and related macroeconomic problems, but also the broad perspective needed to apply those tools to the big-picture questions of growth and divergence. And he introduces the economic and m...

Artificial intelligence will not create superintelligence anytime soon. But it is already making huge advances—revolutionizing medicine and transport, transforming jobs and markets, and reshaping the fabric of social life. At the same time, the promises of AI have been increasingly overshadowed by its perils, from automation and disinformation to powerful new forms of bias and surveillance. Reckoning with these threats to work, democracy, and justice, Redesigning AI asks what can ...

This is the third of three volumes containing edited versions of papers and commentaries presented at invited symposium sessions of the Tenth World Congress of the Econometric Society, held in Shanghai in August 2010. The papers summarize and interpret key developments in economics and econometrics, and they discuss future directions for a wide variety of topics, covering both theory and application. Written by the leading specialists in their fields, these volumes provide a unique, access...

NEW YORK TIMES AND WALL STREET JOURNAL BESTSELLER • From two winners of the 2024 Nobel Prize in Economic Sciences, “who have demonstrated the importance of societal institutions for a country’s prosperity”“A wildly ambitious work that hopscotches through history and around the world to answer the very big question of why some countries get rich and others don’t.”—The New York TimesFINALIST: Financial T...

Two bestselling authors deliver a bold new interpretation of why technology has all too often benefited elites - and how we must reshape the path of innovation to create true shared prosperity.A thousand years of history and contemporary evidence make one thing clear. Progress is not automatic but depends on the choices we make about technology. New ways of organizing production and communication can either serve the narrow interests of an elite or become the found...

Brought to you by Penguin.By the authors of the international bestseller Why Nations Fail, based on decades of research, this powerful new big-picture framework explains how some countries develop towards and provide liberty while others fall to despotism, anarchy or asphyxiating norms - and explains how liberty can thrive despite new threats.Liberty is hardly the 'natural' order of things; usually states have been either too weak to protect indivi...

This is the second of three volumes containing edited versions of papers and commentaries presented at invited symposium sessions of the Tenth World Congress of the Econometric Society, held in Shanghai in August 2010. The papers summarize and interpret key developments in economics and econometrics, and they discuss future directions for a wide variety of topics, covering both theory and application. Written by the leading specialists in their fields, these volumes provide a unique, acces...