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FURTHER READING
Acemoglu, Daron and James Robinson. Why Nations Fail: The
Origins of Power, Prosperity, and Poverty. New York: Crown
Business, 2012.
Describes how man-made political and economic institutions
underlie or compromise economic growth.
Baumol, William, Robert E. Litan, and Carl J. Schramm. Good
Capitalism, Bad Capitalism, and the Economics of Growth and
Prosperity. New Haven, CT: Yale University Press, 2009.
Explains the different varieties of capitalism and their tendency
to either help or hurt economic growth.
Bueno de Mesquita, Bruce, Alastair Smith, Randolph M.
Siverson, and James D. Morrow. The Logic of Political Survival.
Cambridge, MA: MIT Press, 2004.
Explores how political leaders allocate resources, and how
institutions for selecting leaders create incentives for leaders to
pursue good or bad public policy.
McChesney, Fred S. Money for Nothing: Politicians, Rent
Extraction, and Political Extortion. Cambridge, MA: Harvard
University Press, 1997.
Explains how interest-group payments to politicians are often
defensive attempts to avoid political retribution.
Olson, Mancur. The Rise and Decline of Nations: Economic
Growth, Stagflation, and Social Rigidities. New Haven, CT: Yale
University Press, 1984.
Describes how political interests become entrenched over time
and undermine economic growth.
Taylor, John B. First Principles: Five Keys to Restoring America’s
Prosperity. New York: W. W. Norton & Company, 2012.
Tackles the question of how to return the United States to a
system of liberalism.
FURTHER READING 133