Daron Acemoglu and James Robinson argued that the political institutions of a society influenced whether its economic institutions were "inclusive" or "exclusive."

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Daron Acemoglu and James Robinson, in their book "Why Nations Fail," argue that the nature of a society's political institutions significantly influences whether its economic institutions are inclusive (promoting economic growth and prosperity for a broad segment of society) or exclusive (concentrating wealth and power in the hands of a few).

Daron Acemoglu and James Robinson Argued That the Political Institutions