A New Paradigm for Economic Development (Paperback) (ISBN-13: 9798330498321)

The Revolutionary Ideas of Acemoglu, Johnson, and Robinson" explores the seminal papers of three economists who have changed the way we think about economic growth around the world. This book examines how James A. Robinson, Simon Johnson, and Daron Acemoglu defied expectations and created a potent new framework for illuminating why some countries prosper while others fail.

Readers will learn how these scholars revolutionized our approach to development economics by placing institutions at the heart of economic analysis through captivating narratives and understandable explanations. Their main ideas such as "inclusive" vs. "extractive" institutions are clarified in the book, which also demonstrates how important these notions are for combating global inequality and fostering sustainable prosperity.

Follow these thought leaders' intellectual journeys as they explore the intricate connections between political institutions, economic policies, and long-term prosperity from the halls of MIT to the hallways of the IMF. "Architects of Prosperity" examines the possible future uses of their work in a constantly shifting global economy in addition to honoring their Nobel Prize-winning accomplishments.

This book provides priceless insights into one of the most important issues of our day, regardless of whether you're a student of economics, a policymaker, or just interested in the reasons behind countries' successes or failures. Acemoglu, Johnson, and Robinson's groundbreaking theories will revolutionize your view of global economics.