Institutions and prosperity

Abstract

Through collaborative research that lasted about fifteen years, Daron Acemoglu and James Robinson in Why Nations Fail, published in the year 2012, establish a new analysis at the success and failure of nations. In his work, Acemoglu and Robinson contend the importance of institutions for the development and respond to the differences in wealth between the countries. To accomplish this activity, the authors work with a qualitative method, retaking historical events from various nations and reinterpreting the events under a new theory. Consequently, its work carries out an analysis of the development of the countries and their institutions from a path dependence