Explain the main thesis of Why Nations Fail. How do the authors defend it?

Discuss two theories of economic development the authors reject and explain why they reject them. Do the authors provide adequate criticism?

What are inclusive institutions? What are extractive institutions? What is the difference?

Pick three nations and historical periods that the authors identify as inclusive. Explain why they identify them as such.

Pick three nations and historical periods that the authors identify as extractive. Explain why they identify them as such.

What is a critical juncture? How does it fit into the authors' views?

What are vicious cycles and what are virtuous cycles? How do they play into the thesis of the book?

Evaluate, in detail, the main thesis of Why Nations Fail.