Institutions and prosperity

Colin Jennings

Research output: Contribution to journalBook/Film/Article review

Abstract

A review of Timothy Besley and Torsten Persson, Pillars of Prosperity: The Political Economics of Development Clusters, Princeton University Press, Princeton, 2011, pp. 375 and Daron Acemoglu and James A. Robinson, Why Nations Fail: The Origins of Power, Prosperity and Poverty, Profile Books, London 2012, pp. 529.

This article reviews ‘Pillars of Prosperity’ by Timothy Besley and Torsten Persson and ‘Why Nations Fail’ by Daron Acemoglu and James Robinson. Both books are focussed on the role of institutions in determining the wealth of nations and the review compares and contrasts the different approaches contained in the two texts. The review also attempts to locate the texts within the broader literature in development and political economics and to link them to other recent work in these areas.
Original languageEnglish
Pages (from-to)252-258
Number of pages7
JournalEuropean Journal of Political Economy
Volume29
Issue number1
Early online date6 Nov 2012
DOIs
Publication statusPublished - 2013

Keywords

  • prosperity
  • institutions
  • book review
  • pillars of prosperity
  • why nations fail

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