A panel discussion of the recent book Why Nations Failby the economists Daron Acemoglu and James Robinson, which cuts across economics, politics, and law to answer the question: Why are some nations rich and others poor?
The authors advance the thesis that there are essentially two kinds of states: extractive states, which remain mired in poverty through the suppression of technological innovation and economic and personal freedom; and inclusive states, which are innovative and prosperous through the activity of competing interests under the rule of law and secure property rights.
John W. Adams, Chairman, Foundation for Law, Justice and Society, Adjunct Professor, Rutgers University
Erica Charters, University Lecturer in the History of Medicine, Oxford
Chris Decker, Economist and Research Director at the Regulatory Policy Institute, Oxford
Denis Galligan, Professor of Socio-Legal Studies, University of Oxford
Amir Paz-Fuchs, Academic Coordinator, Law, Justice and Society Research Cluster
Max Watson, Economist and Fellow, Wolfson College