The Poor Economics in ‘Why Nations Fail’
Michael G. Heller Apr 26, 2012
A review:
The first impression is that the authors of Poor Economics (PE) and Why Nations Fail (WNF) are productively at loggerheads over the causes of poverty and wealth. Acemoglu and Robinson (WNF) find fault in the optimistic “engineering” approach of Banerjee and Duflo (PE) and qu…