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Drawing on the case studies several countries, Acemoglu and Robinson illustrate the reasons for the failure of some of them and the success of others. A perfect choice to understand political economy of the contemporary world.

They have many potential Bill Gateses and perhaps one or two Albert Einsteins who are now working as poor, uneducated farmers, being coerced to do what they don't want to do or being drafted into the army, because they never had the opportunity to realize their vocation in life

Late night required reading for class is seriously putting me to sleep 😴😴😴

An interesting but very long trip through history and how various events could have changed the economy of nations. It could have been much shorter though many of the historical events were interesting.

This translation of Pravada's coverage of the 1937 Soviet election is just amazing. The way they tried to convey tension in reading ballots is, I honestly just have no words #amreading #nations #fail #sovietunion #economics #books #nonfiction

"Inclusive political institutions allow a free media to flourish, and a free media, in turn, makes it more likely that threats against inclusive economic and social political institutions will be widely know and resisted." Never a quote which encapsulates the current political sphere of the US #amreading #politics #economics #poverty #prosperity #goodbooks