On Economics: A Review of Why Nations Fail by D. Acemoglu and J. Robinson and Pillars of Prosperity by T. Besley and T. Persson

The purpose of this essay is to review the books Why Nations Fail by Daron Acemoglu and James Robinson, and Pillars of Prosperity by Timothy Besley and Torsten Persson. The essay briefly discusses the main contributions of the books and the role of politics for economic performance. The review then discusses these contributions in the light of recent research on organizational economics, particularly the modern theory of the firm. (JEL D23, D72, O10, O47, O57)

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Year of publication:	2013
Authors:	MacLeod, W. Bentley
Published in:	Journal of Economic Literature. - American Economic Association - AEA. - Vol. 51.2013, 1, p. 116-43
Publisher:	American Economic Association - AEA

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Extent:	application/pdf
Type of publication:	Article
Notes:	DOI: 10.1257/jel.51.1.116
Classification:	D23 - Organizational Behavior; Transaction Costs; Property Rights ; D72 - Economic Models of Political Processes: Rent-Seeking, Elections, Legistures, and Voting Behavior ; O10 - Economic Development. General ; O47 - Measurement of Economic Growth; Aggregate Productivity ; O57 - Comparative Studies of Countries
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011014338

On Economics: A Review of <em>Why Nations Fail</em> by D. Acemoglu and J. Robinson and <em>Pillars of Prosperity</em> by T. Besley and T. Persson