Habits of Highly Effective Nations
Daron Acemoglu, Faculty
Why do some nations thrive while others falter? Acemoglu’s answer: inclusive institutions that create incentives while guaranteeing property rights and rule of law. For his book Why Nations Fail, the economist studied the history of the Roman Empire, Mexico, Colombia, Britain, and Sierra Leone. He also examined countries such as Haiti and the Dominican Republic that share a border but experience vastly different outcomes.