Why are some nations more prosperous than others? Why Nations Fail sets out to answer this question, with a compelling and elegantly argued new theory: that it is not down to climate, geography or culture, but because of institutions. Drawing on an extraordinary range of contemporary and historical examples, from ancient Rome through the Tudors to modern-day China, leading academics Daron Acemoglu and James A. Robinson show that to invest and prosper, people need to know that if they work hard, they can make money and actually keep it - and this means sound institutions that allow virtuous circles of innovation, expansion and peace.Based on fifteen years of research, and answering the competing arguments of authors ranging from Max Weber to Jeffrey Sachs and Jared Diamond, Acemoglu and Robinson step boldly into the territory of Francis Fukuyama and Ian Morris. They blend economics, politics, history and current affairs to provide a new, powerful and persuasive way of understanding wealth and poverty. They offer a pragmatic basis for the hope that at 'critical junctures' in history, those mired in poverty can be placed on the path to prosperity - with important consequences for our views on everything from the role of aid to the future of China.

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June 3, 2017
It took the Virginia Company some time to recognized that its initial model of colonization did not work in Virginia, and it took a while, too, for the failure of the «Lawes Divine, Morall and Martiall» to sink in. Starting in 1618, a dramatically new strategy was adopted. Since it was possible to coerce neither the local nor the settlers, the only alternative was to give the settlers incentives. In 1618 the company began the «headright system,» which gave each member of his family and for all servants that a family could bring to Virginia. Settlers were given their houses and freed from their contracts, and in 1619 f General Assembly was introduced that effectively gave all adult men a say in the laws and institutions governing the colony. It was the start of democracy in the United States.
June 2, 2017
When they first landed in Jamestown, the English colonists did not know that they were within the territory claimed by the Powhatan Confederacy, a coalition of some thirty polities owing allegiance to a king called Wahunsunacock. Wahunsunacock’s capital was at the town of Werowocomoco, a mere twenty miles from Jamestown. The plan of the colonist was to learn more about the lay of the land. If the local could not be induced to provide food an labor, the colonist might at least be able to trade with them. The notion that the settlers themselves would work and grow their own food seems not to have crossed their minds. That is not what conquerors of the New World did.
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Николай Никульцев
Екатерина Гостева
Герман Романов
Petr Guskov
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Who finished reading this book 4
Олександр Демура
Daniil Khanin