Why Nations Fail
Brilliant and engagingly written, Why Nations Fail answers the question that has stumped the experts for centuries: Why are some nations rich and others poor, divided by wealth and poverty, health and sickness, food and famine? Is it culture, the weather, geography? Perhaps ignorance of what the right policies are? Simply, no. None of these factors is either definitive or destiny. Otherwise, how to explain why Botswana has become one of the fastest growing countries in the world, while other African nations, such as Zimbabwe, the Congo, and Sierra Leone, are mired in poverty and violence? Daron Acemoglu and James Robinson conclusively show that it is man-made political and economic institutions that underlie economic success (or lack of it). Korea, to take just one of their fascinating examples, is a remarkably homogeneous nation, yet the people of North Korea are among the poorest on earth while their brothers and sisters in South Korea are among the richest. The south forged a society that created incentives, rewarded innovation, and allowed everyone to participate in economic opportunities. The economic success thus spurred was sustained because the government became accountable and responsive to citizens and the great mass of people. Sadly, the people of the north have endured decades of famine, political repression, and very different economic institutions—with no end in sight. The differences between the Koreas is due to the politics that created these completely different institutional trajectories. Based on fifteen years of original research Acemoglu and Robinson marshall extraordinary historical evidence from the Roman Empire, the Mayan city-states, medieval Venice, the Soviet Union, Latin America, England, Europe, the United States, and Africa to build a new theory of political economy with great relevance for the big questions of today, including: - China has built an authoritarian growth machine. Will it continue to grow at such high speed and overwhelm the West? - Are America’s best days behind it? Are we moving from a virtuous circle in which efforts by elites to aggrandize power are resisted to a vicious one that enriches and empowers a small minority? - What is the most effective way to help move billions of people from the rut of poverty to prosperity? More philanthropy from the wealthy nations of the West? Or learning the hard-won lessons of Acemoglu and Robinson’s breakthrough ideas on the interplay between inclusive political and economic institutions? Why Nations Fail will change the way you look at—and understand—the world.
Blueprint for a Green Economy
The most influential account available of the policies needed to achieve sustainability in a national economy. A winner of the Guiseppe Mazzoti prize for literature, it is widely referred to by policy makers throughout the world, and has been adopted as a student text on a number of courses.
An Introduction to Ecological Economics Second Edition
From Empty-World Economics to Full-World Economics Ecological economics explores new ways of thinking about how we manage our lives and our planet to achieve a sustainable, equitable, and prosperous future. Ecological economics extends and integrates the study and management of both "nature's household" and "humankind's household"—An Introduction to Ecological Economics, Second Edition, the first update and expansion of this classic text in 15 years, describes new approaches to achieving a sustainable and desirable human presence on Earth. Written by the top experts in the field, it addresses the necessity for an innovative approach to integrated environmental, social, and economic analysis and management, and describes policies aimed at achieving our shared goals. Demands a Departure from Business as Usual The book begins with a description of prevailing interdependent environmental, economic, and social issues and their underlying causes, and offers guidance on designing policies and instruments capable of adequately coping with these problems. It documents the historical development of the disciplines of economics and ecology, and explores how they have evolved so differently from a shared conceptual base. Structured into four sections, it also presents various ideas and models in their proper chronological context, details the fundamental principles of ecological economics, and outlines prospects for the future. What’s New in the Second Edition: Includes several new pieces and updates in each section Adds a series of independently authored "boxes" to expand and update information in the current text Addresses the historical development of economics and ecology and the recent progress in integrating the study of humans and the rest of nature Covers the basic concepts and applications of ecological economics in language accessible to a broad audience An Introduction to Ecological Economics, Second Edition can be used in an introductory undergraduate or graduate course; requires no prior knowledge of mathematics, economics, or ecology; provides a unified understanding of natural and human-dominated ecosystems; and reintegrates the market economy within society and the rest of nature.
The Rise and Fall of American Growth
In the century after the Civil War, an economic revolution improved the American standard of living in ways previously unimaginable. Electric lighting, indoor plumbing, motor vehicles, air travel, and television transformed households and workplaces. But has that era of unprecedented growth come to an end? Weaving together a vivid narrative, historical anecdotes, and economic analysis, The Rise and Fall of American Growth challenges the view that economic growth will continue unabated, and demonstrates that the life-altering scale of innovations between 1870 and 1970 cannot be repeated. Robert Gordon contends that the nation's productivity growth will be further held back by the headwinds of rising inequality, stagnating education, an aging population, and the rising debt of college students and the federal government, and that we must find new solutions. A critical voice in the most pressing debates of our time, The Rise and Fall of American Growth is at once a tribute to a century of radical change and a harbinger of tougher times to come.
Using lively case studies, this book analyzes the transformation of crime and terrorism and the business logic of terrorism.
The New Ecology
Our species has transitioned from being one among millions on Earth to the species that is single-handedly transforming the entire planet to suit its own needs. In order to meet the daunting challenges of environmental sustainability in this epoch of human domination—known as the Anthropocene—ecologists have begun to think differently about the interdependencies between humans and the natural world. This concise and accessible book provides the best available introduction to what this new ecology is all about—and why it matters more than ever before. Oswald Schmitz describes how the science of ecology is evolving to provide a better understanding of how human agency is shaping the natural world, often in never-before-seen ways. The new ecology emphasizes the importance of conserving species diversity, because it can offer a portfolio of options to keep our ecosystems resilient in the face of environmental change. It envisions humans taking on new roles as thoughtful stewards of the environment to ensure that ecosystems have the enduring capacity to supply the environmental services on which our economic well-being—and our very existence—depend. It offers the ecological know-how to maintain and enhance our planet's environmental performance and ecosystem production for the benefit of current and future generations. Informative and engaging, The New Ecology shows how today’s ecology can provide the insights we need to appreciate the crucial role we play in this era of unprecedented global environmental transition.