In this podcast Russell Roberts, a research fellow at the Hoover Institution and EconTalk host, discusses, with Daron Acemoglu of MIT and author (with James Robinson) of Why Nations Fail, the ideas in the book: why some nations fail and others succeed, why some nations grow over time and sustain that growth and others grow and then stagnate. Acemoglu draws on an exceptionally rich set of examples over space and time to argue that differences in institutions—political governance and the inclusiveness of the political and economic system—explain the differences in economic success across nations and over time.