Why Nations Fail: 
Extractive and Inclusive Institutions

Acemoglu and Robinson’s goal is to explain why some nations are rich and others are poor. They present a theory based on the interaction between political and economic institutions. Casual empiricism suggests that its explanatory power is quite strong…

Democracy’s Dilemma

There is more to democratic government than simply the right to vote. The temptation to exercise power in ways that advance self-interests at the expense of national interests must be controlled…