New in paperback. Hardcover was published in 2005. Daron Acemoglu and James A. Robinson are the 2024 Nobel Laureates in Economics. This book, the subject of a four-day seminar at Harvard's Center for Basic Research in the Social Sciences, was also the basis for the Walras-Bowley lecture at the joint meetings of the European Economic Association and Econometric Society in 2003 and is the winner of the John Bates Clark Medal.