These two books, by the same co-authors, are not light reading. Robinson and Acemoglu (together), were awarded the Nobel Prize in Economics for 2024. But the books are not "economics". They are both detailed excursions into the historical narratives of tribes, civilizations and nations that you have likely never heard of, as well as those you certainly know already.
The authors' basic thrust is an attempt to answer the question of why some nations thrive economically, while most do not. The first book,
Why Nations Fail, constructs their theories regarding the impact of
exclusionary political systems together with
extractive economic systems [ruled by the elite, and enriching only the elite]—systems that discourage innovation and progress for fear of change [creative destruction]. This is contrasted with
inclusive political systems together with open economic systems.
They recount numerous instances where top leaders of nations, upon being presented with a brilliant, new technical or industrial innovation, simply execute the inventor. As western Europe began to create extensive railroad systems, eastern European nations forbid the building of them.
In their second book,
The Narrow Corridor, they utilize Hobbes' "Leviathan" in a choice of:
- a no Leviathan government (absent)
- a shackled Leviathan government
- an unshackled Leviathan government (despotic),
and also the analogy of The Red Queen, from Alice in Wonderland—together, they run and run, but get nowhere.
These are both wonderfully written, and will surprise even history buffs.
Bob