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Elegantly written and compelling, for dealing with such a broad question. It truly makes you shift your perspective on what truly is and isn't important in global development; and aids in dispelling very common misconceptions.

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The authors assert that institutional inertia explains the development of different societies in different places throughout history. Their goal is to explain the entire ebb and flow of human history. They make a convincing case, though their theory lacks certain key explanations for early human development.
The Good: It is a well-written book that is easy to follow, even if you are not an economics professor. Their theory is well-supported and documented. It is a good enough book to make you think, even if you ultimately reject their theory. It is an especially good book for those that have never read or are passively interested in an economic history. A great starting point for understanding the colonial and post-colonial era and putting further studies in context.
The Bad: It is repetitive. At a certain point you feel like they are just writing more for the sake of writing more. The explanations for early human development and wealth differentials are lacking and the explanations for present day capitalist societies are repetitive and they often talk in circles around the obvious.
Overall: Overall it is a good read and I recommend it to anyone who wants an accessible academic work and is interested in economics or history.

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Too simple and with lots of ad-hoc explanations. Tens of examples refute their theory from the ground. According to them, 'inclusive economic institutions' make countries to growth, givin as examples Rome (well... slaves don't count), US at its foundation (slaves don't count!), China (well... not exactly inclusive, but if you try harder)...
A very bad book

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