25 Questions
What do Acemoglu and Robinson argue is decisive for economic development?
The openness of a society, its willingness to permit creative destruction, and the rule of law
According to Kenneth J. Arrow, what has had enormous consequences in institutional developments?
Institutional developments, sometimes based on very accidental circumstances, have had enormous consequences
What is the heart of Acemoglu and Robinson's major contribution?
The intimate connection between political and economic institutions
What do the authors convincingly show is essential for countries to escape poverty?
Appropriate economic institutions, especially private property and competition
What does Gary S. argue is more likely to develop the right institutions in countries?
Open pluralistic political system with competition for political office, a widespread electorate, and openness to new political leaders
When are countries more likely to develop the right institutions?
When they have an open pluralistic political system with competition for political office, a widespread electorate, and openness to new political leaders
According to Peter Diamond, what is the key to sustained prosperity?
Inclusive political institutions in support of inclusive economic institutions
What does Niall Ferguson say determines whether a country is rich or poor?
Manmade institutions, not the lay of the land or the faith of our forefathers
According to Francis Fukuyama, what explains why some nations are rich and some poor?
Institutions and politics
What, according to Simon Johnson, undermines broader social progress?
Powerful people seeking to grab complete control over government for their own greed
What does Joel Mokyr believe is the most powerful statement made to date?
'Institutions matter'
According to Ian Morris, what makes the world rich?
Freedom
Who are the authors of the book being discussed?
Daron Acemoglu and Jim Robinson
What is the main focus of the book?
The role of institutions and politics in determining a nation's prosperity
What does the book review in terms of regimes?
Good regimes having a virtuous spiral, while bad regimes remain in a vicious spiral
What does the book synthesize according to Peter Diamond?
The work of theorists from Adam Smith to Douglass North with more recent empirical research by economic historians
Why the following reasons not valid: geography, culture, ignorance?
Why is it that economic incentives, institutions, and rules are the possible reasons why nations fail?
Differentiate inclusive and extractive political and economic institutions
What is creative destruction?
Who are political and economic losers?
What is critical junctures and institutional drifts?
What is critical junctures and institutional drifts?
What is critical junctures and institutional drifts? How industrial revolution affected the lives of people in England?
What is the glorious revolution?
Test your knowledge about the book 'Why Nations Fail' by Acemoglu and Robinson. Explore the key concepts and ideas presented in the book through this quiz.
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