Failure Quote by Daron Acemoğlu

“The truths and philosophies explored in the saga offer lessons seemingly lost on nation after nation, since they fail to learn from and inevitably…

— Glenn G. Thater

Some time ago a little-known Scottish philosopher wrote a book on what makes nations succeed and what makes them fail. The Wealth of Nations…

— George Akerlof

“Before a nation can be rebuilt, its citizens need to understand how it was destroyed in the first place: how its institutions were undermined,…

— Anne Applebaum

“The reasons why institutions fail and societies change are complex, and simplistic explanations should evoke automatic suspicion. Sometimes external causes - droughts, plagues or…

— Thomas W. Africa

The main thing that endears the United Nations to member governments, and so enables it to survive, is its proven capacity to fail, and…

— Conor Cruise O'Brien

“NATIONS FAIL TODAY because their extractive economic institutions do not create the incentives needed for people to save, invest, and innovate. Extractive political institutions…

— Daron Acemoğlu

“A nation that fails to recognize and appreciate history is destined for decay.”

— Mark Mortensen

“The Black Death is a vivid example of a critical juncture, a major event or confluence of factors disrupting the existing economic or political…

— Daron Acemoğlu

“A nations path to greatness lies in its economic prowess and that militarism, empire, and aggression lead to a dead end.”

— Fareed Zakaria

“Government succeeds by failing.”

— L.K. Samuels

“When one considers American history as a whole, it is hard to think of any very long period in which it could be said…

— Richard Hofstadter

“Worldly institutions fail because they require power and gold to operate. Power and gold attract wicked and greedy people. Wicked and greedy people are…

— Kage Baker