In “Why Nations Fail” Acemoglu and Robinson point to the twin cities of Nogales, on each side of the border between the U.S.

Drawing on decades of economic research, Why Nations Fail argues that political institutions — not culture, natural resources or geography — explain why some nations have gotten rich while ...

The two, who co-authored the book Why Nations Fail, had done really important research explaining why institutions are so critical to a nation’s success or failure.

On January 6th, 2021, rioters stormed the United States Capitol building. To many of us, it felt like one of the bedrock institutional traditions of our democracy was in jeopardy: the peaceful ...

A trio of economists just won a Nobel prize for their insights into how democratic and other inclusive institutions are critical for a nation’s prosperity.

A trio of economists just won a Nobel prize for their insights into how democratic and other inclusive institutions are critical for a nation’s prosperity.